Money is not everything. Make sure you earn a lot before speaking such nonsense.

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

Investing is forgoing consumption now in order to have the ability to consume more at a later date.

The approach and strategies are very similar in that you gather all the information you can and then keep adding to that base of information as things develop. You do whatever the probabilities indicated based on the knowledge that you have at that time, but you are always willing to modify your behaviour or your approach as you get new information. In bridge, you behave in a way that gets the best from your partner. And in business, you behave in the way that gets the best from your managers and your employees.

You don't want 300 million Americans putting their money under the mattress.

The stockmarket is a semi-psychotic creature given to extremes of elation and despair.

In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond.