... it's important to have the right monetary policy. It's important for, to have the right fiscal policy. But it's nowhere near as important as just the normal regenerative capacity of American capitalism.

I think that trying to invest through 535 people is a tough job, you know, and so I would give more latitude.

The reaction of weak management to weak operations is often weak accounting.

I've never been very fully employed either.

Investing is the greatest business in the world because you never have to swing. You stand at the plate; the pitcher throws you General Motors at 47! U.S. Steel at 39! And nobody calls a strike on you. There's no penalty except opportunity. All day you wait for the pitch you like; then, when the fielders are asleep, you step up and hit it.

Never risk what you have and need for what we don't have and don't need.

Cash combined with courage in a time of crisis is priceless.