“Price is what you pay. Value is what you get.”

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.”

“When you combine ignorance and leverage, you get some pretty interesting results.”

“You know ... you keep doing the same things and you keep getting the same result over and over again.”

“[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”

“There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. I think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. Isn't that a little like saving up sex for your old age?”

“I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.”