“Well behaved people and dreamers seldom make history. In fact, history has no place for such people.”

“I do not believe in the power of brand names or in emulatingany of the brand name investors out there. It is a fact that all—ifnot at least most—of the biggest names in American finance andindustry out there today have proven after the 2008 crisis to be someof the most incompetent people there are. Starting with the untouchableGoldman Sachs, who was bailed out by over $5 billion fromWarren Buffett, to AIG and Citibank, who were bailed out by thehundreds of billions of dollars from the Troubled Asset Relief Program(TARP), having a name and a history does not make you the brightestand the best. All it takes is one nincompoop with a huge ego or aboard of directors who think they are smarter than everyone else todestroy what has taken generations to build.”

“Even the most well-meaninggovernment policies have unintended consequences that have harmedthe economy. If government policies were today held accountable the wayprivate businesses are, the scoreboard would say government is failingto help people...and this is a fact.”

“History has shown time and time again thatthere is no such thing as all things being equal. That is why Jeffersonwrote that our inalienable rights were life, liberty, and the pursuit ofhappiness. Nothing is guaranteed in life, especially happiness.”

“I believe the lion’s share of the history of the 21st century is going to play out in the Asian Pacific region not the US.”

“I do not believe in diversification. Take a close look atsome of the greatest entrepreneurs in U.S. history. Henry Ford neverdiversified; Bill Gates didn’t diversify. I strongly believe that the bestway to create real wealth is to put one’s eggs in one basket and watchthat basket (the right one) very carefully. In fact, one can go brokediversifying.”

“History clearlyshows that governments that have tried to contain, regulate, or otherwiseusurp capital have failed. It is the same with brainpower; noone has a monopoly on brainpower. Controlling brainpower is likeherding cats. Brainpower creates capital, and capital fuels brainpower.It is a fundamental dynamic principle. Great ideas, solutions, insights,or inventions will develop only where they are nurtured and properlyrewarded.”