The worst thing that can happen to an investor is to make money on his first trade; he thinks investing is easy

Donating money to a few of my favorite free-market organizations used to be a pleasant duty, but now I'm literally inundated with demands from hundreds of think tanks and public-policy groups, all vying for my limited funds

The profit motive promotes economic growth by creating better products at cheaper prices.

Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure. A centrally planned totalitarian state represents a complete defeat for the civilized world, while a totally voluntary society represents its ultimate success.

I find it ironic how New York City Mayor Mike Bloomberg is so focused on such small issues as drink sizes, while ignoring the massive infrastructure challenges in New York - lousy roads, third-world airports, traffic jams, etc.

Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure.

In the early 1980s, I burned my Social Security card at the New Orleans Investment Conference in protest of the state pension system.