A pin lies in wait for every bubble and when the two eventually meet, a new wave of investors learns some very old lessons.

Never depend on single income. Make investment to create a second source.

We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous.

We continue to make more money when snoring than when active.

Nevertheless, as circumstances presently appear, I feel substantially greater size is more likely to harm future results than to help them. This might not be true for my own personal results, but it is likely to be true for your results.

You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself

My job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action.