The same things happen to quite an extent around the globe. I mean, the European banks were doing what the American banks were.

You don't need to be an expert in order to achieve satisfactory investment returns. But if you aren't, you must recognize your limitations and follow a course certain to work reasonably well. Keep things simple and don't swing for the fences.

Returns decrease as motion increases.

In the end we must have people to match our principles, not the reverse.

Read 500 pages every day. That's how knowledge works. It builds up like compound interest.

You need a lot of curiosity for a long, long time.

We've actually been pretty good on exports. I mean we are exporting 12% of our GDP now roughly.