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 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.

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.

I invest in funds myself even though I run my own fund for my daughters.

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.

But be very, very careful, because when you're playing with momentum, you're playing with fire.

I have never for a minute felt in was my stock picking abilities. I feel that my stock picking abilities aided- I was able to pick out which are the good stocks in the good market, but I have been blessed with a great market.