A good trader has to have three things: a chronic inability to accept things at face value, to feel continuously unsettled, and to have humility.

I was happier when pursuing success than I was when savoring its fruits; the attraction, perhaps the addiction, was in the process, as much as in its end.

Good investing is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake.

The markets are always changing, and the successful trader needs to adapt to these changes.

The balance between confidence and humility is best learned through extensive experience and mistakes.

You have to be intellectually honest with yourself and others. In my judgment, all great investors are seekers of truth.

The hardest thing over the years has been having the courage to go against the dominant wisdom of the time, to have a view that is at variance with the present consensus and bet that view.

In the 1950s and 1960s, the heroes were the long-term investors; today the heroes are the wise guys.

Art is a form of asset. Hedge-fund managers who have made money fast should diversify into other areas.

Part of my attraction to ancient art is that there is an element of risk, of speculation.

A little part of my life is built around ancient art.

Mirrors should think longer before they reflect.

The subject may be crude and repulsive. Its expression is artistically modulated and balanced. This is style. This is art. This is the only thing that really matters in books.

If you cannot solve a problem, ask someone who knows.

Truth is the first casualty of war.

Hospice means end-of-life care. The admission ticket is a diagnosis from a doctor that you have six months or less to live.

To be right is the most terrific personal state that nobody is interested in.

People are afraid to spend money now because they dont know how long theyre going to be working.

Virtue is an angel, but she is a blind one, and must ask Knowledge to show her the pathway that leads to her goal.

I'm very fortunate because I love what I'm doing.

I used to be really snobby about music. I'm not as snobby as I used to be, though. I have this great bit about not getting mad about music anymore. It just happens when you get older.