Lady Luck smiles on those who continue their efforts

If you want to be lucky, do your homework.

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.

Do not buy the hype from Wall St. and the press that stocks always go up. There are long periods when stocks do nothing and other investments are better.

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.

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