It's a lot of fun finding a country that nobody knows about. The only thing better is finding a country everybody's bullish on and shorting it.

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

The Federal Reserve was not founded to bail out Bear Stearns or a few hedge funds. It was founded to keep a stable currency and maintain its value.

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.

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’ve got one shot going through this life. I want to make sure I do as much as I can.

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