Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke.

Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle.

I am a better investor because I am a businessman, and a better businessman because I am no investor.

He must never forget Charlie's plea: Tell me where I'm going to die, so I'll never go there.

We have embraced the 21st century by entering such cutting-edge industries as brick, carpet, insulation and paint. Try to control your excitement.

Consciously paying more for a stock than its calculated value - in the hope that it can soon be sold for a still-higher price - should be labelled speculation

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.