If you don't make mistakes you can't make decisions.

Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.

There are 309 million people out there that are trying to improve their lot in life. And we've got a system that allows them to do it.

I certainly have no desire to sell a good controlled business run by people I like and admire, merely to obtain a fancy price. However, specific conditions may cause the sale of one operating unit at some point.

If you knew what was going to happen in the economy, you still wouldn't necessarily know what was going to happen in the stock market.

I don't think you can have a better secretary of the Treasury than Hank Paulson.

Writing a check separates a commitment from a conversation.