The Noah rule: Predicting rain doesn't count; building arks does.

Fear is the foe of the faddist, but the friend of the fundamentalist.

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

When you get to my age, you’ll measure your success in life by how many of the people you want to have love you actually do love you. That’s the ultimate test of how you’ve lived your life.

The smartest side to take in a bidding war is the losing side.

I just don't see anything available that gives any reasonable hope of delivering such a good year and I have no desire to grope around, hoping to 'get lucky' with other people's money. I am not attuned to this market environment, and I don't want to spoil a decent record by trying to play a game I don't understand just so I can go out a hero.

There is no staff. I make all the investment decisions and I do all my own analysis.