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.

I don`t think I own any US stocks, if I do its very few, so few I can`t even remember.

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

If you want to be lucky, do your homework.

Most successful investors, in fact, do nothing most of the time.

If you want to make a lot of money, resist diversification.

I don't think there is a sound UK bank now, at least, if there is one I don't know about it. The City of London is finished, the financial centre of the world is moving east. All the money is in Asia. Why would it go back to the West? You don't need London.