Get inside information from the president and you will probably lose half of your money. If you get it from the chairman of the board, you will lose all of it.

I learned very early in my investing careers: I better not invest in what I want. I better invest in what's happening in the world. Otherwise I'll be broke - dead broke.

The last leg of a bull market always ends in hysteria; the last leg of a bear market always ends in panic.

When things go wrong on a macroeconomic level, it's almost always this way. People find someone to blame, whether it's blacks, whites, Christians, Jews, Muslims-whoever.

Not one country in existence today has had the same borders and government for as long as two hundred years. The world will continue changing.

Tough times helped many commodities traders become lean and mean through consolidation, mergers and cost cutting. All that excess supply has been sopped up.

They wouldn't be politicians if they knew what they were doing.