Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard.

I have no use whatsoever for projections or forecasts. They create an illusion of apparent precision. The more meticulous they are, the more concerned you should be. We never look at projections, but we care very much about, and look very deeply at, track records. If a company has a lousy track record, but a very bright future, we will miss the opportunity.

You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map - way off the map.

What motivates most gold purchasers is their belief that the ranks of the fearful will grow ... As 'bandwagon' investors join any party, they create their own truth - for a while.

The nature of democracy is such that when there's - there'll be revulsion, obviously, towards - that's never going to happen again.

Your money can be inflated away but your knowledge and talent cannot.

A diamond cannot be polished without friction, nor a person perfected without trials. Someone is enjoying shade today because someone planted a tree a long time ago.