“We buy what we think is cheap, ... Our job is to react to other people's overreactions.”
“I buy expensive suits. They just look cheap on me.”
“China may be one of the last places where you can buy things on the cheap.”
“When something looks cheap, it looks cheap and that is all, and there is no justification for this cheapness.”
“We think it's a great stock, ... But we can't say that the stock is cheap, trading at over 80 times earnings. We get a little bit of acrophobia.”
“But the market is not cheap, ... So if you're playing, what should you be playing? GE, I think, is a core holding in anybody's portfolio.”
“He basically said he thinks I perhaps did a political miscalculation as to how this would be reacted to, and I suppose he was right on that. I didn't expect the reaction that I got.”
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