I have a house that I bought 55 years ago. It's warm in the winter; it's cool in the summer. It has everything I wanted, plus it has all kinds of good memories. Like my kids, I have good thoughts about that. I can't imagine living any better.

... the best way to own common stocks is through an index fund.

Never invest in a business you don't understand.

I knew a lot about what I did when I was 20. I had read a lot, and I aspired to learn everything I could about the subject.

Investors have to remember: corporate profits are going up, but stocks are going up faster. How can that continue indefinitely? Investors can only earn what companies themselves can earn; the government or the markets themselves don't kick anything in. How can you get anything more out of a farm than what it grows?

Forecasts usually tell us more of the forecaster than of the forecast

If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster.