Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows.

The City of London and Wall Street are not going to be great places to be in the next two or three decades. It's going to be the people who produce real goods in charge – the farmers and the miners.

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.

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

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

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

One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. Most people – not that I’m better than most people – always have to be playing; they always have to be doing something. They make a big play and say, “Boy, am I smart, I just tripled my money.” Then they rush out and have to do something else with that money. They can’t just sit there and wait for something new to develop