The other boys at Yale came from wealthy families, and none of them were investing outside the United States, and I thought, 'That is very egotistical. Why be so shortsighted or near-sighted as to focus only on America? Shouldn't you be more open-minded?'

The only way to experience love is to give it.

A lot of people talk about life. Some love it. Some disparage it. And a few realize that life can be what you make it because they have learned from past experiences. Lessons learned from these experiences have often contributed greatly toward seeing the possibilities in what some people call "the game of life." When we've "been there" and "done that," we can have as good of an idea of what we don't want as what we do want. Experience is certainly an excellent teacher!

It is only by understanding the emotion of others that an investor has a chance to produce superior results.

Many media commercials encourage us to believe that if we buy a certain product, we can be physically appealing, or popular, or successful. According to the commercial message, it may be easy to make friends and influence people if we simply do what we're told to do. It would be wonderful if that were true, but unfortunately life does not seem to work that way. What is inside of us can be much more important and influential than what is outside.

There will always be bull markets followed by bear markets followed by bull markets

I focus on spiritual wealth now, and I'm busier, more enthusiastic, and more joyful than I have ever been.