You pay a very high price in the stock market for a cheery consensus.

I have always cautioned partners that I considered three years a minimum in determining whether we were "performing".

We also believe candour benefits us as managers. The CEO who misleads often in public eventually misleads himself in private.

Every day that goes by, I mean, if you don't react to Pearl Harbor for a week or two weeks or three weeks, you're behind in the war that you otherwise would have fought.

Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.

The best investment you can make, is an investment in yourself... The more you learn, the more you'll earn.

Inflation could be a very - is a likely consequence out of what's going on now.