I think this is also a great time to invest in private equity, helping companies grow from the ground up.

One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do... I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up... I wait for a situation that is like the proverbial "shooting fish in a barrel."

The first loss is the best loss.

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

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.

Most successful investors, in fact, do nothing most of the time.

I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.