Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.

Derivatives are like sex. It's not who we're sleeping with, it's who they're sleeping with that's the problem.

The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.

... it's important to have the right monetary policy. It's important for, to have the right fiscal policy. But it's nowhere near as important as just the normal regenerative capacity of American capitalism.

A public-opinion poll is no substitute for thought.

The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.

Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it's the lack of change that appeals to me. I don't think it is going to be hurt by the Internet. That's the kind of business I like.