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.

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.

Microsoft was not a mysterious, strange entity. You put your PC on and there's an ad for them.

The danger that we have right now are people who get the same information as I do and, therefore, think they'll reach the same conclusions that haven't traded as long, don't have bear claws up and down their backs like I do.

This is a business, the direct selling, that bizarrely works best when times are bad.

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 think you'll do as well as most professionals. Most professionals don't beat the market. Let's not over-rate my industry. But if you have time, you can be in good mutual funds that have good records.