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"We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II."
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"Our modern states are preparing for war without even knowing the future enemy."

"And Louis Freeh was a completely dysfunctional FBI Director, who was actually waging his own private war against the Clinton Administration."
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"There was a very serious communist strain among American intellectuals before the war. America was a more tolerant place in those days, and Communists were not treated as pariahs. That ended with the McCarthy era."

"During the early months of the war in 1914 there was a conflict of opinion between the War Office and the Foreign Office regarding news from the Front."

"It makes no difference what men think of war, said the judge. War endures. As well ask men what they think of stone. War was always here. Before man was, war waited for him. The ultimate trade awaiting its ultimate practitioner. That is the way it was and will be. That way and not some other way."
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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."


"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."


"You only have to do a very few things right in your life so long as you don't do too many things wrong."
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