I'm not speaking in favor of killing innovation. I'm speaking in favor of centrist use of the market, which involves necessarily a considerable degree of regulation. Markets by themselves will get themselves inevitably into inequality and into their own destruction. It will happen again and again.

Avoiding inflation is not an absolute imperative but rather is one of a number of conflicting goals that we must pursue and that we may often have to compromise.

It is dead wrong about necessary surplus of winnings over losings.

I decided that there was only one place to make money in the mutual fund business, as there is only one place for a temperate man to be in a saloon: behind the bar and not in front of it.

I don't know if Jesus said it in the Bible, but someone said that 'the love of money is the root of all evil,' and I do think there's a correlation between the ambition that a lot of people have, in terms of financial remuneration, and the loss of core values.

I'm smart with my money, I invest conservatively. I don't mind paying top-dollar, but I don't want to get ripped off.

If we know there is enough money in there for nine or ten months, we won't worry too much. They can come back and get more-not all they want, but a large piece of it. So you always have the supplemental as a safety valve.

Money you lose you can always make back. But even five minutes of time lost is gone forever.