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

If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia.

Paper money is made of cotton, and I'm long cotton, by the way. One reason I'm long cotton is because Dr. Bernanke is out there running the printing presses as fast as he can.

Beware of all politicians everywhere. They excelled at recess when they were in school but have excelled at little since.

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

You don't train for only the 100-meter dash and you don't practice only the excerpts. When I prepared for auditions, I spent most of my time each day on scales and exercises to be my best in basic musicianship, and only a half-hour or so on the actual excerpts I'd be playing.

Lady Luck smiles on those who continue their efforts