The price of a commodity will never go to zero. When you invest in commodities futures, you're not buying a piece of paper that says you own an intangible piece of company that can go 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.

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

I’ve got one shot going through this life. I want to make sure I do as much as I can.

One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. Most people – not that I’m better than most people – always have to be playing; they always have to be doing something. They make a big play and say, “Boy, am I smart, I just tripled my money.” Then they rush out and have to do something else with that money. They can’t just sit there and wait for something new to develop

You will never get anywhere if you do not do your homework.

I haven't met a rich technician