"My friends and I have been coddled..." - Quote by Warren Buffett

“I spend twelve hours a week - a little over 10% of my waking hours - playing the game. Now I am trying to figure out how to get by on less sleep in order to fit in a few more hands.”

“Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble.”

“Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we're trying to do. It's imperfect, but that's what it's all about.”

“This was years ago, I think during the early [Ronald] Reagan years. I came up with a plan that everybody just pay $8.95 in taxes. Cheating would be allowed. But the incentive to cheat wouldn't be nearly as great if you only had to pay the $8.95. There were a few people who would have to pay hundreds of millions of dollars under this plan. I think it was Mark Goodson and Bill Todman, the guys who do the quiz shows. But almost everybody else would be off really cheap.”

“I know not whether taxes are raised to fight wars, or wars are fought in order to raise taxes.”

“We should tax things we don't like. We should tax pollution ... And we should lighten the taxes on things we do like, like honest labor, like food.”

“When the representatives of "Big Business" think of the people, they do not include themselves.”

“It [concentration of wealth and power] has been a menace to . . . American democracy.”

“This is the even-handed dealing of the world!" he said. "There is noth-ing on which it is so hard as poverty; and there is nothing it professes tocondemn with such severity as the pursuit of wealth!”