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.

I cannot invest the way I want the world to be; I have to invest the way the world is.

I think this is also a great time to invest in private equity, helping companies grow from the ground up.

Index investing outperforms active management year after year.

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.

Teach your children or your grandchildren Chinese. It is going to be the most important language of their lifetimes.

You will never get anywhere if you do not do your homework.