I'm not emotional about investments. Investing is something where you have to be purely rational and not let emotion affect your decision making - just the facts.

Herbalife: the customers are fictitious, the business opportunity is a scam, the university degree is a fraud.

Experience is making mistakes and learning from them.

In order to be successful, you have to make sure that being rejected doesn’t bother you at all.

I'm not emotional about investments. Investing is something where you have to be purely rational and not let emotion affect your decision making - just the facts.

As a result of overdiversification, their (active managers) returns get watered down. Diversification covers up ignorance. Active managers haven't done enough research into any of their companies. If managers have 200 positions, do you think they know what's going on at any one of those companies at this moment?

I was a little bit of a cocky kid.