Based on my own personal experience – both as an investor in recent years and an expert witness in years past – rarely do more than three or four variables really count. Everything else is noise.

If I learn 1,000 techniques with my luck I'll go out on the street and be attacked by number 1,001.

Diversification is a surrogate - and a damn poor surrogate - for knowledge, elements of control, and priceconsciousness.

We ignore outlooks and forecasts... we're lousy at it and we admit it ... everyone else is lousy too, but most people won't admit it.

Rarely do more than three or four variables really count. Everything else is noise.

In the financial world it tends to be misleading to state, "There is no free lunch." Rather the more meaningful comment is, "Somebody has to pay for lunch."

We attracted a lot of market timers and asset allocators. I don't need those ... amateurs in my fund.

I'm a member of the Academy, but I don't know who all the other Academy members are. It's not like a politician who knows who is in the Iowa caucus.

Freedom is not a gift received from the State or leader, but a possession to be won every day by the effort of each and the union of all.

I'd spent so long trying to fit in,trying to be someone i wasn't,that i had no idea who i was any more.

There were incredibly few rock songs making it out to the airwaves until the '80s came along.

The treasury could fill old bottles with banknotes and bury them..and leave it to private enterprises on well-tried principles of laissez-faire to dig the notes up again.

Perfect Night has that magic and it has the raw energy that grabs you by the throat.

She seems to have had the ability to stand firmly on the rock of her past while living completely and unregretfully in the present.

Another thing the Democrats have grown accustomed to is their candidate is untouchable.

The eyes of our citizens are not sufficiently open to the true cause of our distress. They ascribe them to everything but their true cause, the banking system

When I was in high school, I wasn't a troublemaker. I didn't get in fights. I was a good student and I had a lot of friends.