You will get the most attention from those who hate you. No friend, no admirer and no partner will flatter you with as much curiosity.

Private equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.

Economics make homeopath and alternative healers look empirical and scientific.

Switzerland is the perfect place where you have volatility at a municipal level that nothing up top - small units competing with each other.

Never ask anyone for their opinion, forecast, or recommendation. Just ask them what they have—or don’t have—in their portfolio.

Dress your best on your execution day. Be extremely courteous to your assistant when you lose money. Try not to blame others for your fate, even if they deserve blame. Never exhibit any self-pity. Do not complain.

The world we live in is vastly different from the world we think we live in.