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

You don't need to have extraordinary effort to achieve extraordinary results. You just need to do the ordinary, everyday things exceptionally well.

If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value.

The good thing is, we have household formation in this country.

Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.

If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.

I have a wonderful family. I have a job that I love and wonderful people who help me with it. It can't get any better than that.