“When You Combine Ignorance And Leverage, You

People Should Always Know Better.

“I Will Tell You The Secret To Getting Rich On Wall Street. You Try To Be Greedy When Others Are Fearful. And You Try To Be Fearful When Others Are Greedy.”

I Mean The Truth Is, I've Never Had It So Good In Terms Of Taxes. I Am Paying The Lowest Tax Rate That I've Ever Paid In My Life.

The Worst Sort Of Business Is One That Grows Rapidly, Requires Significant Capital To Engender The Growth, And Then Earns Little Or No Money. Think Airlines. Here A Durable Competitive Advantage Has Proven Elusive Ever Since The Days Of The Wright Brothers. Indeed, If A Farsighted Capitalist Had Been Present At Kitty Hawk, He Would Have Done His Successors A Huge Favor By Shooting Orville Down.

“We Always Live In An Uncertain World. What Is Certain Is That The United States Will Go Forward Over Time.”