What the human being is best at doing is interpreting all new information so that their prior conclusions remain intact.

I think the oversight is great, and I think that oversight ought to be devoted almost entirely to the question is this being done at market you know. In other words, you want to make sure that the government isn't investing foolishly. But you don't want to care about which congressional districts it goes to or whether banks get favored over.

If principles can become dated, they're not principles.

You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map - way off the map.

It will be good for us in the long run, and I mean there are, you know, six and a half billion people in this world. And it's great for 300 million to keep enjoying more and more property, but I think it's terrific if, you know, the remainder do.

Like most trends, at the beginning it's driven by fundamentals, at some point speculation takes over. What the wise man does in the beginning, the fool does in the end.

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