We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'

You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in - in 2007, we just didn't know it was uncertain. It was - uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn't know it.

The rich are always going to say that, you know, just give us more money and we'll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.

Predicting rain doesn't count. Building arks does.

The only way to get love is to be lovable. It's very irritating if you have a lot of money. You'd like to think you could write a check: 'I'll buy a million dollars' worth of love.' But it doesn't work that way. The more you give love away, the more you get.

You have no ability, if you're a financial institution and you're threatened with criminal prosecution, you have no ability to negotiate.

When you combine ignorance and leverage, you get some pretty interesting results

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.

Risk is a part of God's game, alike for men and nations.

Value is what you get.

Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful'.

The only time to buy these is on a day with no 'y' in it.

I always knew I was going to be rich. I don't think I ever doubted it for a minute.

I buy expensive suits. They just look cheap on me.

Price is what you pay. Value is what you get.

You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.

There seems to be some perverse human characteristic that likes to make easy things difficult.

Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.

Let blockheads read what blockheads wrote.

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.

Someone is sitting in the shade today because someone planted a tree a long time ago.

Our favorite holding period is forever.

Risk comes from not knowing what you're doing.

If a business does well, the stock eventually follows.