Do what you love and work for whom you admire the most, and you've given yourself the best chance in life you can.

As of 1992, in fact-though the picture would have improved since then-the money that had been made since the dawn of aviation by all of this country's airline companies was zero. Absolutely zero.

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

The smartest side to take in a bidding war is the losing side.

He must never forget Charlie's plea: Tell me where I'm going to die, so I'll never go there.

The optimum portfolio depends on the various expectations of choices available and the degree of variance in performance which is tolerable. The greater the number of selections, the less will be the average year-to-year variation in actual versus expected results. Also, the lower will be the expected results, assuming different choices have different expectations of performance.

Derivatives are like sex. It's not who we're sleeping with, it's who they're sleeping with that's the problem.