Whatever is newly expensive has two attributes: wonderful past returns and, in most cases, lousy future returns.

The best investment opportunities are often scary.

Many investors prefer comfort, chasing what is popular and loved, rather than pursuing what is out of favor. The markets do not reward comfort.

The most treasured asset in investment management is a steady hand at the tiller.

Successful contrarian investing requires us to live with discomfort, for being "wrong" and alone. But bargains do not exist in the absence of fear.

History teaches that when valuations are extreme, "mean reversion," a move towards historical norms, is likely. Once value stocks turn, the recovery can be fast and intense.

Design a portfolio you are not likely to trade... akin to premarital counseling advice; try to build a portfolio that you can live with for a long, long time.

Whatever is cheap became cheap by treating us badly in the past, but is priced to deliver superior returns.

Diversify. But carve out 10 to 20 percent for the most unloved part of the market: emerging markets value.

If you're a coach, you're a teacher.

Many people spend more time in planning the wedding than they do in planning the marriage.

A kiss from my mother made me a painter.

Fly, on your way, like an eagle / Fly as high as the Sun.

I was once a student in a punk T-Shirt hooked on screwed-up scenarios. Thats how I became the esteemed cultural figure that I am today.

Anybody can be hurt. This is boxing.

Where princes are concerned, a man who is able to do good is as dangerous and almost as criminal as a man who intends to do evil.

The taste of things recovered is the sweetest honey we will ever know.

Any conception of human well-being you could plausibly have, the Taliban patently fails to maximize it.

I'm very shocked when I look at television and I see such an aggressive youth and image obsession in the representation of women on our screens.