You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.

A pack of lemmings looks like a group of rugged individualists compared with Wall Street when it gets a concept in its teeth.

Is management rational?

I'd rather have a $10 million business making 15 per cent than a $100 million business making 5 per cent.

Do what you would do for free, having passion for what you do is the most important thing.

Most business mistakes are irreversible setbacks, but you get another chance. There are two things in life that you don't get another chance at - marrying the wrong person and what you do with your children.

Investing is simple, but not easy.