I mean, you know, you're not going to change the human animal. And the human animal really doesn't get a lot smarter.

We have to live with the rest of the world. And it's a mistake, in my view. Trade has generally developed in this country. We actually export 12 or 13 percent of our GDP. It was only 5 percent in 1970. But it benefits us. It benefits the rest of the world. It doesn't benefit the steelworker maybe in Ohio. And that's the problem that has to be addressed, because when you have something that's good for society, but terribly harmful for given individuals, we have got to make sure those individuals are taken care of.

Ignore the stock market, ignore the economy, and buy a business you understand.

We don't read other people's opinions. We want to get the facts, and then think.

Time is the friend of the wonderful business. It's the enemy of the lousy business. If you're in a lousy business for a long time, you're going to get a lousy result, even if you buy it cheap. If you're in a wonderful business for a long time, even if you pay a little too much going in, you're going to get a wonderful result if you stay in a long time.

Like I say, I don't think it'll be done perfectly. Maybe we'll end up with a little bit better [economy] system.

In the end we must have people to match our principles, not the reverse.