Well, It May Be All

In My View, [the Trade Deficit] Will Create Political Turmoil At Some Point...pretty Soon, I Think There Will Be A Big Adjustment.

Cash Combined With Courage In A Time Of Crisis Is Priceless.

Larger Sums May Be An Advantage At Some Cases And A Disadvantage At Others.

Uncertainty Is The Friend Of The Buyer Of Long Term Values.

The Most Common Cause Of Low Prices Is Pessimism - Sometimes Pervasive, Sometimes Specific To A Company Or Industry. We Want To Do Business In Such An Environment, Not Because We Like Pessimism But Because We Like The Prices It Produces.