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

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.

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

You are free to dream as big as you want, but always remember that every big dream comes with some big responsibilities. So be willing and courageous enough to step out of your comfort zone.

You see, what we do with what He gives us determines how much more we will get.

Try to think of working out and healthy eating as a lifestyle. Rather than go on a diet or try a crazy exercise routine, try making them something you do every day.

Costly grace is the gospel which must be sought again and again, the gift which must be asked for, the door at which a man must knock.

I have ever regarded the freedom of religious opinions and worship as equally belonging to every sect.

Competition is a painful thing, but it produces great results.

One in seven Americans lives without health insurance, and that's a truly staggering figure.

I made it look so easy on court all those years. No one realized how hard I had to work. No one realized how much I had to put into it. They underestimated my intensity.

Features alone do not run in the blood; vices and virtues, genius and folly, are transmitted through the same sure but unseen channel.