I am trying to re-shape and improve my central position.

Successful investing is anticipating the anticipations of others.

Words ought to be a little wild, for they are the assault of thoughts on the unthinking.

It is the long term investor who will in practice come in for the most criticism. For it is the essence of his behaviour that he should be eccentric, unconventional and rash in the eyes of the average opinion. If he is successful, that will only confirm the general belief in his rashness; and if in the short run he is unsuccessful, which is very likely, he will not receive much mercy. Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.

When my information changes, I alter my conclusions. What do you do, sir?

By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.