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.

Buy low and sell high. It's pretty simple. The problem is knowing what's low and what's high.

Following what everyone else is doing is rarely a way to get rich.

The basic skills of math, English and writing are not enough, ... You must develop a basic system of values to form and guide the use of these skills. The true test will not be what you learned in college, but how you used what you learned.

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.

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

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.