Most of my thoughts, you couldn't print.

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

Get inside information from the president and you will probably lose half of your money. If you get it from the chairman of the board, you will lose all of it.

If you want to be lucky, do your homework.

One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do... I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up... I wait for a situation that is like the proverbial "shooting fish in a barrel."

Historically, there has been a bull market in commodities every 20 or 30 years.

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.