We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous.

What's hot today isn't likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don't follow the herd.

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

An investor needs to do very few things right as long as he or she avoids big mistakes.

I have a wonderful family. I have a job that I love and wonderful people who help me with it. It can't get any better than that.

Inactivity strikes us as intelligent behavior.

A lot of people disagree with me on this, I believe in mark to market.