If our history teaches us anything, it is this lesson: so far as the economic potential of our nation is concerned, the believers in the future of America have always been the realists. I count myself as one of this company.

The lessons of history, confirmed by the evidence immediately before me, show conclusively that continued dependence upon relief induces a spiritual and moral disintegration fundamentally destructive to the national fiber.

What the wise do in the beginning, fools do in the end.

Basically, the single-most important decision in evaluating a business is pricing power.

A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.

Investing is laying out money now to get more money back in the future.