I Think What People Understand

The Stockmarket Is A Semi-psychotic Creature Given To Extremes Of Elation And Despair.

A Public-opinion Poll Is No Substitute For Thought.

I Think The Biggest Thing We Need Is To Unclog The Credit Markets, And We May Need Another Stimulus - If We Do, It's - It Should Go To The Lower And Middle-income People.

Buy Into A Company Because You Want To Own It, Not Because You Want The Stock To Go Up.

A Market Downturn, Doesn't Bother Us. For Us And Our Long Term Investors, It Is An Opportunity To Increase Our Ownership Of Great Companies With Great Management At Good Prices. Only For Short Term Investors And Market Timers Is A Correction Not An Opportunity.