Consciously paying more for a stock than its calculated value - in the hope that it can soon be sold for a still-higher price - should be labelled speculation

Do what you would do for free, having passion for what you do is the most important thing.

In economics, you always want to ask 'And then what?'

First come the innovators, then come the imitators, then come the idiots.

I know that Congress will do the right thing.

Is management rational?

I never try to predict the market.