We continue to make more money when snoring than when active.

We all make mistakes. If you can't make mistakes, you can't make decisions. I've made a lot bigger mistakes myself.

Investment must be rational; if you can't understand it, don't do it.

The stock market is a no-called-strike game. You don’t have to swing at everything – you can wait for your pitch.

If you don't know jewelry, know the jeweler.

Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.

I bought my first stock in 1942, in the summer of '42. I was 11 years old. And so 75 years have gone by. And I have never known what the market's going to do the next day. And that's not my game. My game is to decide whether I'm in the right economy, which America's definitely been ever since that time. The Dow has gone from 100 to 21,000 during that time. And no matter what the headlines say, or terrible things are happening - we were losing the war in the Pacific when I first bought stocks.