It's never paid to bet against America.

Unless your answers are clearly better, copy the answers of your betters.

It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 100 percent income tax but doesn't seem to notice that 5 percent inflation is the economic equivalent.

I get to do what I like to do every single day of the year.

You don't want 300 million Americans putting their money under the mattress.

Investment students need only two well-taught courses - How to Value a Business and How to Think About Market Prices

Read Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them.