The big question about how people behave is whether they've got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard.

It isn't given to man to be able to run a financial institution where different interest-rate scenarios will prevail on all of that so as to produce kind of smooth, regular earnings from a very large base to start with.

While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks.

We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.

How do you beat Bobby Fischer? You play him at any game but chess. I try to stay in games where I have an edge.

I buy expensive suits - they just look cheap on me.

In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.