So you know, everyone points out Greece's default record, but the history of a lot of sovereign nations is not a good one when it comes to lending them money.

I've learned there's a big difference between a long-focused value investor and a good short-seller. That difference is psychological and I think it falls into the realm of behavioral finance.

Bubbles are best identified by credit excesses, not valuation excesses. And there's no bigger credit excess than in China.

I've seen a lot more go to zero than infinity.

People who lose money always need someone to blame.

I call it the Rule of Three. If you read a company's financial statements three times, and you still can't figure out how they make their money, that's usually for a reason.

It's very difficult in the technology space when you have been leapfrogged to prosper again.

Chinais a world class if not the world class property bubble, primarily high-rise buildings, offices and condos.

Healthcare is growing now at about 10 per cent per annum in the U.S. top line, versus 3 per cent for the economy. As someone with a sharp pencil and an eye for this kind of thing, this can't last.

The U.S. healthcare system is probably the most interesting large group of companies that are heading for major problems that we've seen in a long, long time.

The real failure is not the one who falls down, it's the one who refuses to get up.

My heart is your home.

Success is a great deodorant.

They've just gone over the line in my opinion, and again, there's a proper time for a pat down, there's a proper time for an advanced technology body search, but it has to be done with some thought.

I've got a couple of years until I turn pro so I guess within that period hopefully I'll be able to get a little bit better.

Sometimes you make up your mind about something without knowing why, and your decision persists by the power of inertia. Every year it gets harder to change.

I think writers write for their consciences, they write for their own true audiences, for their souls.

Whenever there's a role that scares me, I get panicked and nervous. I know that greatness might come because I'm going to get out of my own element and comfort zone.

The beginning of love is all about the butterflies, but the end of it is when you can't get out of bed in the morning.

Promote yourself, but do not demote another.