Teach your children or your grandchildren Chinese. It is going to be the most important language of their lifetimes.

Do not buy the hype from Wall St. and the press that stocks always go up. There are long periods when stocks do nothing and other investments are better.

You can no longer buy commodities at Merrill Lynch. My guess is many analysts and even executives are too young to know how profitable a hot commodities market can be. They will soon.

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.

I don`t think I own any US stocks, if I do its very few, so few I can`t even remember.

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

The biggest public fallacy is that the market is always right. The market is nearly always wrong. I can assure you of that.