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

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

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.

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

Sin is a gravitation.

You know, I put my little brother in the movies and he's still in the pictures. My mother makes me put him in the pictures.

To describe drunkenness for the colorful vocabulary is rather cynical. There is nothing easier than to capitalize on drunkards.

With women and women, I think there's an understanding. Nobody knows what a woman feels or experiences but another woman. We are the nurturers, and there are times when we need to be nurtured.

I was jealous; therefore I loved.

I like the conscious manipulation that a great director can have. When you're both complicit in the manipulation of an emotion.

I know how to make an audience laugh, 'cause I grew up on Third Rock from the Sun, week after week in front of audiences, making them laugh.

I joined the Communist Party because I felt I had to be in some organization.

I want you to know that also I will not make age an issue of this campaign. I am not going to exploit, for political purposes, my opponent's youth and inexperience.

As long as you've got serious investors who wish to put money into football, I applaud. It proves that football is attractive. What upsets me, what I find scandalous is when clubs accept fools.