I'm always interested in understanding the math of things and understanding as much as I can about all aspects of business. And what I learn today may be useful to me two years from now. That's really the wonderful thing about investments is your knowledge is cumulative.

I never invest in anything that I don't understand.

When the brothel burns down, even the pretty girls have to run out.

The Fed is the greatest hedge fund in history.

Continually challenge and be willing to amend your best loved ideas.

Only when the tide goes out do you discover who's been swimming naked.

I can do anything I want, basically, as long as it doesn't involve athletic ability, or something like that.