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

Commodities tend to zig when the equity markets zag.

Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt.

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.

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

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

When things go wrong on a macroeconomic level, it's almost always this way. People find someone to blame, whether it's blacks, whites, Christians, Jews, Muslims-whoever.