Capitalism is not a Ponzi scheme. Capitalism is a scheme of free markets.

I think it's gone much too far. Most of them are not worth the powder to blow them to hell.

My biggest prediction for the future is that people are going to start looking after individual investors.

You know the rule of 72, divide the number into 72, any number you want, and that's how long it will take your money to double.

The transfer of Wall Street from private ownership to public ownership has been a big step backward.

Your success in investing will depend in part on your character and guts, and in part on your ability to realize at the height of ebullience and the depth of despair alike that this too shall pass.

If you're very talented and keep winning, you'll do just fine. It may take a while. But the talent is hard to identify and talent is hard to tell from luck. There's an awful lot of luck in this business. Past performance is not helpful in judging future performance.