Paradoxically, When 'dumb' Money Acknowledges Its Limitations,

When People Tell Me They've Learned From Experience, I Tell Them The Trick Is To Learn From Other People's Experience.

That Would Be Nice If [people] Stuck [treasury Bills] All Under A Mattress, But They Got To Buy Something With Them. Sometimes They Buy A Treasury Note, Sometimes They Set Up Sovereign Wealth Funds. They Can Do All Kinds Of Things. They Can Buy Our Companies Here. As Long As We Consume More Than We Produce, And We Trade Away Little Pieces Of The Country Daily, They're Going To Own Something. Now, They Can't Run From American Assets. I Mean Every Day The Rest Of The World Is Going To Have About Two Billion More Of American Assets Than We Have, As Long As They Sell Us These Goods.

I Made My First Investment At Age Eleven. I Was Wasting My Life Up Until Then.

The Most Dangerous Distractions Are The Ones You Love, But That Don’t Love You Back.

If I Subscribed To The Efficient Market Theory I Would Still Be Delivering Papers