There is no such thing as a paper loss. A paper loss is a very real loss.

Commodities tend to zig when the equity markets zag.

You will never get anywhere if you do not do your homework.

Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows.

If everyone thinks one way, it is likely to be wrong. If you can figure out that it is wrong, you are likely to make a lot of money.

The biggest public fallacy is that the market is always right. The market is nearly always wrong. I can assure you of that.

I cannot invest the way I want the world to be; I have to invest the way the world is.

Most successful investors, in fact, do nothing most of the time.

Buy low and sell high. It's pretty simple. The problem is knowing what's low and what's high.

If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia.

If you want to make a lot of money, resist diversification.

She didn't know that all her life would be spent gambling with the stark rigidity of words, words that were coin: save, spend and all the time George with his own counter had found her a way out.

Yet the only girl who'd love him is his mother...' - A Girl Worth Fighting For (song)

I shall be an autocrat that's my trade and the good Lord will forgive me that's his.

Highly sensitive people are often afraid to speak up, until life pushes them to do so.

A pen connects you to the paper. It definitely matters.

Every experience, no matter how bad it seems, holds within a blessing of some kind. The goal is to find it.

Why should I care about posterity? What's posterity ever done for me?

I believe that politicians should speak the truth all the time. Invariably there will be occasions when you make statements that are factually incorrect due to an error.

I have this massive notebook called IDEAS and another one called PERSONAL IDEAS and another one called CRAZY IDEAS.

Being dead will be no different from being unborn -- I shall be just as I was in the time of William the Conqueror or the dinosaurs or the trilobites. There is nothing to fear in that.