Confidence is key. You're not going to put your money - you're not going to leave your money with me unless you're confident I'm going to give it back to you.

A fool and his money are soon invited everywhere.

We like to buy businesses, but we don't like to sell them.

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

I would say the most satisfying thing actually is watching my three children each pick up on their own interests and work many more hours per week than most people that have jobs at trying to intelligently give away that money in fields that they particularly care about.

If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.

In the end, alchemy, whether it is metallurgical or financial, fails. A base business can not be transformed into a golden business by tricks of accounting or capital structure. The man claiming to be a financial alchemist may become rich. But gullible investors rather than business achievements will usually be the source of his wealth.