Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt.

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.

Never act upon wishful thinking. Act without checking the facts, and chances are that you will be swept away along with the mob.

The Federal Reserve was not founded to bail out Bear Stearns or a few hedge funds. It was founded to keep a stable currency and maintain its value.

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.

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

If you want to make a lot of money, resist diversification.