The most treasured asset in investment management is a steady hand at the tiller.

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.

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.

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

Like walking through a door. Our relationship immediately attained a sepia tone: the past.

The only woman who would wear a gown like this one, love, is one who knows the power she wields and isn’t afraid to use it.

I toiled after it, sir, as some men toil after virtue.

I thought 'Eternal Sunshine of the Spotless Mind' was so interesting the way it was made and the texture of it.

Guilt is a spiritual Rubicon.

This idea of tying me to Giuliani is quite unique. I know Rudy Giuliani. I like Rudy Giuliani. I worked with him during his administration. But we're completely different people.

The equally is a political theory, but no a practical politics.

I like a lot of bass players. I like a lot of tuba players too.

The NAACP should have riot rehearsal. They should get a liquor store and practice robberies.

Short as life is, we make it still shorter by the careless waste of time.