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.

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

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

I want to experience as many different tastes, sights, emotions, conflicts, and cultures as possible, so that I can expand the canvas of my memory and enrich my comedy.

Good judgment comes by way of experience, which comes of bad judgment.

I never thought I'd get a chance to do what I'm doing. It's such a dream.

The talkers are rising above the thinkers.

Only play into a variation in which your opponent is strong if you have your own personal novelty ready!

The Divine flow that wants to move through me requires stillness.

I'm a bit shy, I suppose, and a bit lazy.

I was taught to be Biblical: “Forgive them for they know not what they do.

That's why I call the Senate the graveyard of democracy, because even when you have 58 senators, they can block it and block it and block it.