I'm scared of one man, one vote because it suggests that everybody has an equal ability at making decisions, and I think that's dangerous.

When people get at each other's throat, the rich and the poor and the Left and the Right and so on, and you have a basic breakdown, that becomes very threatening.

Some people who are creative are not reliable and vice versa; some see big pictures while others see details, etc. All of them are important to have on well-orchestrated teams.

You should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold.

The main reason I write the daily observations is because I want to know where I'm wrong. So lots of times if somebody points something out it helps me, and I want to have a diversified bet of uncorrelated bets.

I pay about a third in taxes, I give away about a third, and I follow the law.

I'd like to be clear that a number of people find me intolerable, and they don't hesitate to say so - which they and I cherish.