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"There are 309 million people out there that are trying to improve their lot in life. And we've got a system that allows them to do it."
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"When I was young, I thought it is thunder that kills people. But when I learnt physics in the high school, I discovered that it is rather the lightning that does the killing. The voice of the thunder itself is just a noise. The lightning is the poise!"

"To be given to the study of the scriptures is to discover more principles."

"The man who is a pessimist before 48 knows too much; if he is an optimist after it, he knows too little."
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"Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time."


"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."


"Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value."


"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.'"


"Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it."
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