In my whole life, I have known no wise people who didn't read all the time - none ... ZERO.

I do not think you can trust bankers to control themselves. They are like heroin addicts.

A business model that relies on trickery is doomed to fail.

Learn how to ignore the examples from others when they are wrong, because few skills are more worth having.

At most corporations if you make an acquisition and it turns out to be a disaster, all the paperwork and presentations that caused the dumb acquisition to be made are quickly forgotten. You've got denial, you've got everything in the world. You've got Pavlovian association tendency. Nobody even wants to even be associated with the damned thing or even mention it. At Johnson & Johnson, they make everybody revisit their old acquisitions and wade through the presentations. That is a very smart thing to do. And by the way, I do the same thing routinely.

It's dangerous to short stocks.

I call myself the assistant cult leader.