If the reason for doing something is that everyone else is doing it, it's not a good enough reason.

First come the innovators, then come the imitators, then come the idiots.

If I taught a class, on my final exam I would take an Internet company and ask, 'How much is this company worth?' Anyone who would answer, I would flunk.

I get to do what I like to do every single day of the year.

I don't want to hold out false hopes that the - by some magic moment, that things will turn around in a couple months because they wouldn't, Charlie. I mean, and it's a big mistake to try and mislead people.

I think that actually people in my situation should be paying more tax.

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