[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.

Successful investing is about having people agree with you ... later.

Progress is cumulative in science and engineering, but cyclical in finance.

In almost every walk of life, people buy more at lower prices; in the stock market they seem to buy more at higher prices.

Every debt is ultimately paid, if not by the debtor, then eventually by the creditor.

I believe that there is an important kernel of truth in the idea that financial errors recur every other generation.

The Fed can change how things look, not how things are

Credit is money of the mind.

Nothing beats a little cash in a bear market, of course, and the oldest form of cash is gold.

It's about bums on seats. If nobody wants to listen to what you are doing, it kind of defeats the purpose really, doesn't it?

In general, markets know more than the people who write about them.

Anger is enough to destroy you

We become, neurologically, what we think."(33)

All truths are easy to understand once they are discovered the point is to discover them.

Without a goal, you can’t score.

The most intense thing I’ve ever done was bring a girl to Passover dinner.

Bertrand Russell started off as a mathematician and then degenerated into a philosopher and finally into a humanist; he went downhill rapidly!

Of course it's all luck.

Our march to freedom is irreversible. We must not allow fear to stand in our way.

Television remote controls encourage couch potatoes to exercise their options while broadening their base.

Weep not, sweet queen, for trickling tears are vain.