Call no man a foe, but never love a stranger.
Bank One has got one of the best credit card divisions,. . . The perception of investors is that financial services stocks are affected by interest rates and they're not.
Patience is a crucial but rare investment commodity.
Psychology is probably the most important factor in the market - and one that is least understood.
Experience teaches us that when "everyone" comes to the same conclusion, that conclusion is just about always wrong.
Investors repeatedly jump ship on a good strategy just because it hasn't worked so well lately, and, almost invariably, abandon it at precisely the wrong time.
I buy stocks when they are battered. I am strict with my discipline. I always buy stocks with low price-earnings ratios, low price-to-book value ratios and higher-than-average yield. Academic studies have shown that a strategy of buying out-of-favor stocks with low PE, price-to-book and price-to-cash flow ratios outperforms the market pretty consistently over long periods of time.
We have now in our possession three instruments of civilization, unknown to antiquity. These are the art of printing; free representative government; and, lastly, a pure and spiritual religion, the deep fountain of generous enthusiasm, the mighty spring of bold and lofty designs, the great sanctuary of moral power.
I make music that I know that people will enjoy, and balance the ideas and philosophy that we put in music with music that when we play it live, people can move to it and groove to it.
Out of my flesh that hungers and my mouth that knows comes the shape I am seeking for reason.
My advice for Obama concerning Iran is just to do what you already promised you would do, open up communications with Iran. Which is what I did after the Shah was deposed, as you know when the revolutionary government came in, I still had diplomatic relations with Iran, otherwise the hostages wouldn't have been there. We had about, as you know, 60 some diplomats in Iran, they had about the same number in Washington.