There is no such thing as a paper loss. A paper loss is a very real loss.

History shows that people who save and invest grown and prosper, and the others deteriorate and collapse.

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

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.

Buy low and sell high. It's pretty simple. The problem is knowing what's low and what's high.

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.

Historically, there has been a bull market in commodities every 20 or 30 years.