If you want to make a lot of money, resist diversification.

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.

I was poor once, I didn't like it, I don't want to be poor again.

I learned very early in my investing careers: I better not invest in what I want. I better invest in what's happening in the world. Otherwise I'll be broke - dead broke.

Debasing your currency sometimes works in the short term, it has never worked in the long term and does not even usually work in the medium term. Lots of politicians like to do it because it is an easy way.

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.