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

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.

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.

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."

Sometimes life isn’t what we want, it’s what we get.

Fornication is a snare that a person sets for himself.

We ought not to be looking for a place to hide, but a place to give ourselves as an offering to God.

It is a common remark that men talk most who think least; just as frogs cease their quacking when a light is brought to the water-side.

I guess intractable right-wing ideologues are my mortal enemy.

I hope some day to make you all a cup of coffee. Alright, peace.

It is not always the highest talent that thrives best. Mediocrity, with tact, will outweigh talent oftentimes.

I don't really have a talent. I can't sing or act or dance or perform, those talents. All I can do is be myself.

We are the people are parents warned us against.

The business of everybody is the business of nobody.