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

As one of my older friends says, "Nostalgia just isn't what it used to be." Let's take a stab at it, anyway.

Success in investing doesn’t correlate with I.Q. Once you are above the level of 25; once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.

Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.

You get what I call the natural progression, the three Is. The innovators, the imitators, and the idiots.

If I subscribed to the efficient market theory I would still be delivering papers

Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time.