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.

If anybody laughs at your idea, view it as a sign of potential success!

Many investors seem to have forgotten a hard reality: There are frequent periods when stock markets don't do much.

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

Paper money is made of cotton, and I'm long cotton, by the way. One reason I'm long cotton is because Dr. Bernanke is out there running the printing presses as fast as he can.

If everyone thinks one way, it is likely to be wrong. If you can figure out that it is wrong, you are likely to make a lot of money.

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