In the financial world it tends to be misleading to state, "There is no free lunch." Rather the more meaningful comment is, "Somebody has to pay for lunch."

If I learn 1,000 techniques with my luck I'll go out on the street and be attacked by number 1,001.

Diversification is a surrogate - and a damn poor surrogate - for knowledge, elements of control, and priceconsciousness.

Based on my own personal experience – both as an investor in recent years and an expert witness in years past – rarely do more than three or four variables really count. Everything else is noise.

We ignore outlooks and forecasts... we're lousy at it and we admit it ... everyone else is lousy too, but most people won't admit it.

Rarely do more than three or four variables really count. Everything else is noise.

We attracted a lot of market timers and asset allocators. I don't need those ... amateurs in my fund.

Screw chocolate. A good steak is where it’s at.

Rest in the knowledge that God is both abundantly gracious and ridiculously generous.

Those who have compared our life to a dream were right... we were sleeping wake, and waking sleep.

It is essential that we enable young people to see themselves as participants in one of the most exciting eras in history, and to have a sense of purpose in relation to it.

Jews were the first to believe that history itself has meaning and that progress, not repetition, is the law of life.

Something must die so that others can live.

No matter what the past has dealt you, don't let it destroy your future.

Today solemn exposition of the Blessed Sacrament is the grace and need of our time. Society will be restored and renewed when all its members group themselves around our Emmanuel.

Do not be content to live a mediocre Christian life: walk with determination along the path of holiness.

It is fear that is the greatest cause of misery in the world.