Short-term market and economic prognostication is largely a fool’s errand, we invest according to a strategy that makes the need to rely on short-term market or economic assessments largely irrelevant.

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

If you look at the great frauds of all time, Enron had that phantom trading floor. What Herbalife has is it has phantom or fictitious customers.

Investing is a business where you can look very silly for a long period of time before you are proven right.

If you think of the typical Herbalife distributor and their level of sophistication, to this day I still don't understand the marketing plan - true story.

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

I was a little bit of a cocky kid.