I knew a lot about what I did when I was 20. I had read a lot, and I aspired to learn everything I could about the subject.

When you combine ignorance and leverage, you get some pretty interesting results.

You could be somewhere where the mail was delayed three weeks and do just fine investing.

You need a lot of curiosity for a long, long time.

Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.

I have this complicated procedure I go through every morning, which is to look in the mirror and decide what I'm going to do. And I feel at that point, everybody's had their say.

It makes a difference who the treasury secretary is.