When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'
We always live in an uncertain world. What is certain is that the United States will go forward over time.
Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
Trust is like the air we breathe – when it's present, nobody really notices; when it's absent, everybody notices.
Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
Theres class warfare, all right, but its my class, the rich class, thats making war, and were winning.
There are 309 million people out there that are trying to improve their lot in life. And we've got a system that allows them to do it.