My basic advise is don't lose money

I don't think there is a sound UK bank now, at least, if there is one I don't know about it. The City of London is finished, the financial centre of the world is moving east. All the money is in Asia. Why would it go back to the West? You don't need London.

The Federal Reserve was not founded to bail out Bear Stearns or a few hedge funds. It was founded to keep a stable currency and maintain its value.

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

Diversification is something that stock brokers came up with to protect themselves, so they wouldn't get sued for making bad investment choices for clients. Henry Ford never diversified, Bill Gates didn't diversify. The way to get rich is to put your eggs in one basket, but watch that basket very carefully. And make sure you have the right basket.

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

The most sensible skill that I can give to somebody born in 2003 is a perfect command of Mandarin.