If you want to be lucky, do your homework.

Historically, there has been a bull market in commodities every 20 or 30 years.

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

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.

Diversification is something that stock brokers came up with to protect themselves, so they wouldn't get sued for making bad investment choices for clients. Henry Ford never diversified, Bill Gates didn't diversify. The way to get rich is to put your eggs in one basket, but watch that basket very carefully. And make sure you have the right basket.

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.

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