Hint
The code has just four letters, A, B, C, and D. Each letter encodes 5 different letters.
Answer
I think, therefore I am.
Reasoning
A represents a, b, c, d, and e.
B represents f, g, h, i, and j.
C represents k, l, m, n, and o.
D represents p, q, r, s, and t.
E represents u, v, w, x, and y.
?
Puzzle 3
Here is a well known proverb with the consonants removed. What is the proverb.
A -i-- i- --e -a-- i- -o--- --o i- --e -u--.