I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

An IPO is like a negotiated transaction - the seller chooses when to come public - and it's unlikely to be a time that's favourable to you.

[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.

Forecasts usually tell us more of the forecaster than of the forecast

I wouldn’t mind going to jail if I had three cellmates who played bridge

Wide diversification is only required when investors do not understand what they are doing.

Never test the depth of river with both the feet.