First come the innovators, then come the imitators, then come the idiots.

In the end, alchemy, whether it is metallurgical or financial, fails. A base business can not be transformed into a golden business by tricks of accounting or capital structure. The man claiming to be a financial alchemist may become rich. But gullible investors rather than business achievements will usually be the source of his wealth.

I choose to work with every single person that I work with. That ends up being the most important factor. I don't interact with people I don't like or admire. That's the key. It's like marrying.

The best education you can get is investing in yourself, and that doesn't mean college or university.

Just imagine living on 21,000 a year. I mean you have 20 percent of the population doing that. So you don't have to worry about guys like me.

I'm putting all my money in the Chinese toy market.

With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock