We typically hear numbers that there are 34 million households that are in stocks in some form. Well, I say that what's occurred is if you have a job in this country, you're in stocks.

I've lost tremendous amounts of money in various markets and I think that that's something that makes you better at my job, not worse.

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.

Remember, I am neither a bear nor a bull, I am an agnostic opportunist. I want to make money short- and long-term. I want to find good situations and exploit them.

We are all wrong so often that it amazes me that we can have any conviction at all over the direction of things to come. But we must.

A good investor in this new world knows to always expect the unexpected.

It's the company itself, but most of these mutual fund companies, the guy who runs the company is just a fact totem and the guy who runs the money is the power. But we really don't know who they are.