I sat in a small room at school and came up with an answer to the problem. The girl turned around and was able to finish the 6th grade. That's an experience I never did forget and made me stretch more than I wanted to.

An SAT score means one thing if the student comes from an affluent school, where there are SAT prep courses, and a very different thing if the student comes from a disadvantaged background where there was no SAT classes of any kind.

Our high school counselors feel SAT error idea is a non-story.

They would cut the grass for you. ... We sat down and had beers.

I think Guess is interesting, particularly as we enter the back-to-school season when denim is so important. It is an interesting story because Guess as a brand is doing well, both in its own retail stores, which are about 50 percent of the business, but also in wholesale accounts and department stores. It is really the one hot brand that department stores have today. Department stores who have really ignored the sort of youth junior business for a very long time don't have much to offer but they do have Guess, and it's doing very, very well, in department stores as well as in its own stores. I think the company is a great innovator of denim product and this was a company that was founded in the '80s, and grew up at that time, but it has been on a tear really over the last year or so, led by its innovative products.

Buffett came and sat in with us the other night in Chicago. That was fun. He and I played 'A Pirate Looks at Forty,' one of his songs. We actually know each other pretty well now. We're definitely from the same breed -- guys who like to go on boats and surf and have a good time, so I don't mind being compared to him at all.