I believe the only things that really matter in investing are the bubbles and the busts

Think how weird profit margins are: We've got high unemployment and financial crises - and world record profit margins. People think the American market is very cheap. We don't. The market quite incorrectly gives full credit to today's earnings.

It is better to be lucky than good, but of course appropriate to aspire to both.

Americans are just about the worst at dealing with long-term problems, down there with Uzbekistan, but they respond to a market signal better than almost anyone. They roll the dice bigger and quicker than most.

I like to be right. I try not to miss the big ideas, forget the little ones, and try to get them right. End of job description.

The language "it's too late" is very unsuitable for most environmental issues. It's too late for the dodo and for people who've starved to death already, but it's not too late to prevent an even bigger crisis. The sooner we act on the environment, the better.

Capitalism believes that its remit is exclusively to make maximum short-term profits.