To the man with only a hammer, every problem looks like a nail.

The game is to keep learning, and I don't think people are going to keep learning who don't like the learning process.

Look at those hedge funds - you think they can wait? They don't know how to wait! I have sat for years at a time with $10 to $12 million in treasuries or municipals, just waiting, waiting...As Jesse Livermore said, 'The big money is not in the buying and selling...but in the waiting.'

Don't do cocaine. Don't race trains. And avoid AIDS situations.

Well the open-outcry auction is just made to turn the brain into mush: you've got social proof, the other guy is bidding, you get reciprocation tendency, you get deprival super-reaction syndrome, the thing is going away... I mean it just absolutely is designed to manipulate people into idiotic behavior.

I feel that by getting rich in the way I did, I think my own example has hurt my own country.

Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you've won.