I think I'm right-brained, incapable of managing my way out of a brown paper bag.

You can't run the economy on BMWs alone. If the average person is in a pickle, how do you have a healthy economy?

Remember that history always repeats itself. Every great bubble in history has broken. There are no exceptions.

I believe the only things that really matter in investing are the bubbles and the busts

The individual is far better-positioned to wait patiently for the right pitch while paying no regard to what others are doing, which is almost impossible for professionals.

Although value is a weak force in any single year, it becomes a monster over several years. Like gravity, it slowly wears down the opposition.

I would say that financial markets are very inefficient, and capable of extremes of being completely dysfunctional.

Volatility is a symptom that people have no idea of the underlying value.

Battering down solar cells on the roofs of Wal-Marts in California. I think that will be some of the highest-return investments that anyone ever makes.

By background I'm both a Quaker and a Yorkshireman, which I like to call double jeopardy.

The pure administration of Graham-and-Doddery really needs a long-term lock-up like Warren Buffett has, or it will have occasional quite dreadful client problems.

Wasting time is when seconds, minutes and hours are passing without being converted

You stuff somebody into the American dream, and it becomes a prison.

In fact I didn't think about fear much at the time. I felt angry about everything that was happening around me: the violence of the dictatorship and the violence of society.

Commit yourself to quality from day one ... it's better to do nothing at all than to do something badly.

To sing along with Stevie Wonder, you had to make your voice do things it was not accustomed to doing

What we all desire is the fullest, highest expression of ourselves.

Journalism combines adventure with culture.

God forgives not capriciously, but with wise, definite, Divine pre arrangement; forgives universally, on the grounds of atonement and on the condition of repentance and faith.

New York exists for me. Not me for it.

There's nothing tragic about being fifty. Not unless you're trying to be twenty-five.