If horses had controlled investment decisions, there would have been no auto industry.

It's easier to create money than to spend it.

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.

In a commodity business, it's very hard to be smarter than your dumbest competitor.

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

A contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling.

Anyone who believes a growth rate in excess of 15% per annum over the long term is attainable should pursue a career in sales, but avoid one in mathematics.