It is ludicrous to believe that asset bubbles can only be recognized in hindsight.

If you are going to be a great investor, you have to fit the style to who you are.

My natural state is an outsider. I've always felt outside the group, and I've always been analyzing the group.

I have always believed that a single talented analyst, working very hard, can cover an amazing amount of investment landscape, and this belief remains unchallenged in my mind.

The borrowers will always be willing to take a great deal for themselves. It’s up to the lenders to show restraint, and when they lose it, watch out.

The late 90s almost forced me to identify myself as a value investor, because I thought what everybody else was doing was insane.

I just really like to find my own ideas.

Read every line item until you get it.

Early on, people invested in me because of my letters and then, somehow, after they invested, they stopped reading them.

My positioning with my investors was always, I need three to five years.

Everything I do in investment is just very different.

Teaching is an instinctual art, mindful of potential, craving of realizations, a pausing, seamless process.

The method of "postulating" what we want has many advantages; they are the same as the advantages of theft over honest toil.

For over 30 years the Endangered Species Act has suffered from many fundamental flaws, the most notable being a blatant disregard for property rights,.

Theology is only thought applied to religion.

[Social] science fiction is that branch of literature which is concerned with the impact of scientific advance on human beings.

Dancing: The Highest Intelligence in the Freest Body.

Oh, the transition concerns me because as we move towards an important political event, it's clear to me that the terrorists and insurgents will move as hard as they can to disrupt this process.

We understand the concept of equality, that we all want to be equal. But I think this is absolutely not true. I don't think anybody really wants to be equal. Everybody wants to be more equal.

The less you talk, the more time you have for the essential things.

Liberalism demands that people without guns be able to tell people with guns what to do.