The most dangerous distractions are the ones you love, but that don’t love you back.

Of our 49 billion, we haven't moved any to Bitcoin

If you can't read the scoreboard. You don't know the score. If you don't know the score, you can't tell the winners from the losers.

The fact that people will be full of greed, fear, or folly is predictable. The sequence is not predictable.

A Company should be viewed as an unfolding movie, not as a still photograph

Buy a cross section of American industry, and if a cross section of American industry doesn't work, certainly trying to pick the little beauties here and there isn't going to work either.

Equities will do well over time - you just have to avoid getting excited when other people are getting excited.