I think the Congress will do the right thing. I think that they've - you know, they got into certain arguments and they start worrying about assessing blame, and there is a little demagoguery, but in the end, something this important, they'll do the right thing. So this really is an economic Pearl Harbor. That sounds melodramatic, but I've never used that phrase before. And this really is one.

None of this means, however, that a business or stock is an intelligent purchase simply because it is unpopular; a contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling. Unfortunately, Bertrand Russell's observation about life in general applies with unusual force in the financial world: "Most men would rather die than think. Many do."

There is no staff. I make all the investment decisions and I do all my own analysis.

In the long run managements stressing accounting appearance over economic substance usually achieve little of either.

I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.

We don't have to be smarter than the rest. We have to be more disciplined than the rest.

I prefer liquor store robbers with hungry kids to companies that locate offshore to avoid U.S. taxes.