Ive got a fantasy-baseball team with my brother. But I have to admit, he does all the work.

As an investor my job is to figure out what will happen rather than what should happen.

The loss was not bad luck. It was bad analysis.

You have a certain set of facts and you are looking for situations where you have an edge, whether the edge is psychological or statistical.

In the real world, illiquid assets carry a discount.

A 99% Value-at-Risk calculation does not evaluate what happens in the last one percent... This is like an airbag that works all the time, except when you have a car accident.

What do you call a stock that's down 90%? A stock that was down 80% and then got cut in half.

When you leave a good job to go off on your own and don't expect to make money for a while, you name the firm whatever your wife says you should.

What is uncertain is how much further the bubble can expand, and what might pop it.

Cultivate confidence, and eradicate the need to control.

We scarcely know how much of our pleasure and interest in life comes to us through our eyes until we have to do without them

Seek respect, not attention. It lasts longer.

A spirit of satirical frivolity so dominated Britain in the 1960s that one critic feared the country "would sink giggling into the sea.

A quiet conscience makes one strong!

I always have a very strong sense of shaming oneself, and you can do that a lot in the public eye, so it's best avoided at all costs I think.

The only thing of value we can give kids is what we are, not what we have.

We only get one planet.

Its so daunting to walk into a classroom or a school auditorium. Its like the worlds weirdest blind date. I know all the students are thinking, Who is this tool standing up in front of us?

So many of the problems we have today are because people don't respect the beliefs of others.