So some guy may know how to make money in cocoa beans, but I don't so I just let him have that. But it's got to be something I understand. It's got to be a business with fundamentally good economics. It's got to be a management that I like and trust and admire. And it's got to be a price that makes sense.

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

If book knowledge made great investors, than the librarians would all be rich.

You're neither right nor wrong because other people agree with you. You're right because your facts are right and your reasoning is right - that's the only thing that makes you right. And if your facts and reasoning are right, you don't have to worry about anybody else.

For some reason people take their cues from price action rather than from values. Price is what you pay. Value is what you get.

If you want a government that's going to do the things we ask our government to do, you've got to get it from somebody.

A CEO's behavior has a huge impact on managers down the line.