Investing is laying out money now to get more money back in the future.

Like most trends, at the beginning it's driven by fundamentals, at some point speculation takes over. What the wise man does in the beginning, the fool does in the end.

If I got a chance to take one percent of the deal either way, I would make that bet.

I've often felt there might be more to be gained by studying business failures than business successes.

I like to go for cinches. I like to shoot fish in a barrel. But I like to do it after the water has run out.

Buy into a company because you want to own it, not because you want the stock to go up.

Ignore the stock market, ignore the economy, and buy a business you understand.