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

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.

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

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.

Without respect, love is lost. Without caring, love is boring. Without honesty, love is unhappy. Without trust, love is unstable.

Education is the process in which we discover that learning adds quality to our lives. Learning must be experienced.

Deja vu, tell you what I'm gonna do, when they reminisce over you, my God.

We can't control systems or figure them out. But we can dance with them!

Contrary to many of the rumors and innuendo in circulation, I wholeheartedly believe that Obama views Israels security as absolute.

Genius is knowing to stay silent as others demonstrate their ignorance.

And who is any of us, that without starvation he can go through the kingdoms of starvation?

In work, do what you enjoy.

You become a celebrity, not because of your work or what you do, but because you have no privacy.

I have come, Sire, to complain of one of your subjects who has been so audacious as to kick me in the belly.