The wise man once said invest young

I view derivatives as time bombs, both for the parties that deal in them and the economic system.

If I taught a class, on my final exam I would take an Internet company and ask, 'How much is this company worth?' Anyone who would answer, I would flunk.

Stocks are the only thing that people are happy to buy when the price goes up.

If horses had controlled investment decisions, there would have been no auto industry.

We look for things I can understand. A lot of businesses I don't understand.

I don't need 15 houses. Owning real estate doesn't mean much to me. I don't like to think about things like that. I don't need 12 boats, or even the world's largest boat with a crew of 80. I'd have to take care of them, to worry about them. I get a lot more fun out of life without all the bells and whistles.