It makes a difference who the treasury secretary is.

If you're in a card game and you can't figure out who the patsy is, you're it.

Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble.

My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.

The one piece of advice I can give you is, do what turns you on. Do something that if you had all the money in the world, you’d still be doing it. You’ve got to have a reason to jump out of bed in the morning.

The most dangerous distractions are the ones you love, but that don’t love you back.

The [stock] market,like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do.