The gross profits in many workouts appear quite small. It's a little like looking for parking meters with some time left on them. However, the predictability coupled with a short holding period produces quite decent average annual rates of return after allowance for the occasional substantial loss.

Earnings can be pliable as putty when a charlatan heads the company reporting them.

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

A CEO's behavior has a huge impact on managers down the line.

I like to buy things I can understand. I do a lot of research on things.

It's much easier to stay out of trouble now than to get out of trouble later.

The secret is to find what you love to do.I mean, I tell the students look for the job that you would take if you didn't need a job. I mean, it's that simple. And I was lucky enough to find it very early in life. And then the second thing is to have people around you that make feel good every day, and make you a better person than you otherwise would be.