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."

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.

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

There is no such thing as a paper loss. A paper loss is a very real loss.

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. Most people – not that I’m better than most people – always have to be playing; they always have to be doing something. They make a big play and say, “Boy, am I smart, I just tripled my money.” Then they rush out and have to do something else with that money. They can’t just sit there and wait for something new to develop