It's the deleveraging that's going on right now that has caused the credit crisis.
If we start deciding, based on guesses or emotions, whether we will or won't participate in a business where we should have some long run edge, we're in trouble.
Read 500 pages every day. That's how knowledge works. It builds up like compound interest.
Never risk what you have and need for what we don't have and don't need.
Taking jobs to build up your resume is the same as saving up sex for old age.
The capital gains tax is 15 percent now. So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it.