Bank One has got one of the best credit card divisions, ... The perception of investors is that financial services stocks are affected by interest rates and they're not.

Patience is a crucial but rare investment commodity.

I paraphrase Lord Rothschild: ‘The time to buy is when there's blood on the streets.'

Psychology is probably the most important factor in the market - and one that is least understood.

Experience teaches us that when "everyone" comes to the same conclusion, that conclusion is just about always wrong.

Investors repeatedly jump ship on a good strategy just because it hasn't worked so well lately, and, almost invariably, abandon it at precisely the wrong time.

If you have good stocks and you really know them, you'll make money if you're patient over three years or more.

Favored stocks underperform the market, while out-of-favor companies outperform the market, but the reappraisal often happens slowly, even glacially.

One of the big problems with growth investing is that we can't estimate earnings very well. I really want to buy growth at value prices. I always look at trailing earnings when I judge stocks.

History constantly reminds us that in an uncertain world there is no visibility of prospects. Future earnings cannot be predicted with accuracy.

A good starting point [in the measurement of investment risk] is the preservation and enhancement of your purchasing power in real terms.

All told, over the period 1932-1980, nearly half a century, the top federal income tax rate in the United States averaged 81 percent.

The horror of the Pit lay in the emergence from it, with the return of her will, her caring, and her feeling of the need for meaning before the return of meaning itself.

Happiness is purely a chosen state of being available to all, at all times.I choose to be happy, because I am.

I was about as political as a bath towel.

I was only allowed only to watch public television until I was 12 years old.

The movement for the environment really only started in the mid 1970's.

There's this feeling, when you stop believing it's a show and you're there and this is happening.

I always felt very secure and very safe with real estate. Real estate always appreciates.

A good rule of conversation is never answer a foolish question.

I like to sing to Verdi, I like singing to Sibelius, and Mahler maybe.