Remember that the stock market is manic-depressive.

In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.

We've got more productive capacity now than we ever have.

I asked him what he wanted to do for his career, and he replied that he wanted to go into a particular field, but thought he should work for McKinsey for a few years first to add to his resume. To me that's like saving sex for your old age. It makes no sense.

The best asset is your own self. You can become to an enormous degree the person you want to be

I want to be able to explain my mistakes. This means I do only the things I completely understand.

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