I always knew I was going to be rich. I don't think I ever doubted it for a minute.

The range of derivatives contracts is limited only by the imagination of man (or sometimes, so it seems, madmen). Say you want to write a contract speculating on the number of twins to be born in Nebraska in 2020. No problem-at a price, you will easily find an obliging counterparty.

I mean, in terms of alternatives, some people have suggested for example that why don't we - why isn't America doing what Berkshire Hathaway is doing? Why isn't that a better deal for America?

Don't invest in pieces of papers (stocks), invest in great businesses underlying them

Emotional makeup is more important than technical skill

The .350 hitter expects, and also deserves, a big payoff for his performance - even if he plays for a cellar-dwelling team. And a .150 hitter should get no reward - even if he plays for a pennant winner.

Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard.