It is better to be lucky than good, but of course appropriate to aspire to both.

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.

Take pride in what you do & let the quality of your work be your signature

Acceptance is going to a restaurant where the salad's not great, but the steak is fine.

A mixture of admiration and pity is one of the surest recipes for affection.

One tends to give one's fingers too little credit for their own good sense.

He who kneels before God, can stand before any man.

On the other hand, pot opens windows and doors that you may not be able to get through any other way.

Each day you don't practice is one more day you have to practice to get better. The will to win means nothing without the will to prepare.

Indulge me, John. Cynicism and foul language are the only vices I'm presently capable of. Everything else takes energy or money.

Jesus Christ is the beginning, the middle, and the end of all. In the Gospels he walks in human form upon the earth, and accomplishes the work of redemption.

It's a national concern, I mean how we dispose of nuclear waste in a safe way, how we deal with this incredible amount of nuclear waste we have created over the years.