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

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.

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.

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

Commodities tend to zig when the equity markets zag.

I haven't met a rich technician