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

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.

In a difficult business, no sooner is one problem solved than another surfaces - never is there just one cockroach in the kitchen.

I would say the most satisfying thing actually is watching my three children each pick up on their own interests and work many more hours per week than most people that have jobs at trying to intelligently give away that money in fields that they particularly care about.

An argument is made that there are just too many question marks about the near future; wouldn't it be better to wait until things clear up a bit? You know the prose: "Maintain buying reserves until current uncertainties are resolved," etc. Before reaching for that crutch, face up to two unpleasant facts: The future is never clear and you pay a very high price for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.

Bull markets and Bear markets can obscure mathematical laws, they cannot repeal them.

We look for things I can understand. A lot of businesses I don't understand.