You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.

There is no substitute for a local newspaper that is doing its job.

I’ve worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions.

In a commodity business, it's very hard to be smarter than your dumbest competitor.

What motivates most gold purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As 'bandwagon' investors join any party, they create their own truth - for a while.

The smartest side to take in a bidding war is the losing side.

It makes a difference who the treasury secretary is.