If you own the only newspaper in town, up until the last five years or so, you have pricing power and you didn't have to go to the office.

When you build a bridge, you insist that it can carry 30,000 pounds, but you only drive 10,000-pound trucks across it. And that same principle works in investing.

What motivates most gold purchasers is their belief that the ranks of the fearful will grow ... As 'bandwagon' investors join any party, they create their own truth - for a while.

People always should know better. People don't get - they don't get smarter about things that get as basic as greed.

Of our 49 billion, we haven't moved any to Bitcoin

Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.

If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.