A lot of times when I was short, I would create a level of activity beforehand that would drive the futures. . . . It's a fun game.

Funny, but after trading for more than 15 years, I still am capable of forgetting a cardinal rule: The paper you own, in the end, will be intertwined with the fate of the 30-year bond.

I think that I could have been take apart if the bear market continued, but I waited three years before I felt the bear market was over and I was right.

I mean it's the most objective industry in the world. If your numbers stink, you're out. If your numbers are good, you get more money. It's the most Darwinian, it's beautiful, it's brutal, it works.

And, strangely, this one of the few things in life that the third, the latter, the buy with our eyes closed has actually done better than everybody else.

I think that the public is in and the public is in big, and the public is not, I don't think going to pull out because the public knows what I said about 1987.

I don't think that's changed at all. I think there are a thousand stocks out there that could make you rich, totally independent of what you do for a living.