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 do nothing in the meantime.

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."

Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt.

Right now I own shares of companies in 28 countries.

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.

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.

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