I don't need 15 houses. Owning real estate doesn't mean much to me. I don't like to think about things like that. I don't need 12 boats, or even the world's largest boat with a crew of 80. I'd have to take care of them, to worry about them. I get a lot more fun out of life without all the bells and whistles.

Well, one time some attractive woman sat next to Charlie and asked him what he owed his success to, and, unfortunately, she insisted on a one word answer. He had a speech prepared that would have gone on for several hours. But when forced to boil it down to one word, he said that was "rational". You know, he comes equipped for rationality, and he applies it in business. He doesn't always apply it elsewhere, but he applies it in business and that has made him a huge business success.

It's never paid to bet against America. We come through things, but its not always a smooth ride.

You get what I call the natural progression, the three Is. The innovators, the imitators, and the idiots.

Trust is like the air we breathe--when it's present, nobody really notices; when it's absent, everybody notices.

An investor needs to do very few things right as long as he or she avoids big mistakes.

If a business does well, the stock eventually follows.