This economy doesn't work well without the lubrication of credit and trust.

A fool and his money are soon invited everywhere.

Risk can be greatly reduced by concentrating on only a few holdings.

Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time.

Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.

Working with people who cause your stomach to churn seems much like marrying for money - probably a bad idea under any circumstances, but absolute madness if you are already rich.

If you do smart things and use leverage and do one wrong thing along the way, it could wipe you out, because anything times zero is zero. But it's reinforcing when the people around you are doing it successfully, you're doing it successfully, and it's a lot like Cinderella at the ball.