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.

The last leg of a bull market always ends in hysteria; the last leg of a bear market always ends in panic.

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

Do not buy the hype from Wall St. and the press that stocks always go up. There are long periods when stocks do nothing and other investments are better.

I haven't met a rich technician

I think this is also a great time to invest in private equity, helping companies grow from the ground up.

The first loss is the best loss.