You can no longer buy commodities at Merrill Lynch. My guess is many analysts and even executives are too young to know how profitable a hot commodities market can be. They will soon.

Many investors seem to have forgotten a hard reality: There are frequent periods when stock markets don't do much.

Get inside information from the president and you will probably lose half of your money. If you get it from the chairman of the board, you will lose all of it.

The first loss is the best loss.

If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia.

Lady Luck smiles on those who continue their efforts

The most sensible skill that I can give to somebody born in 2003 is a perfect command of Mandarin.