The Word On The Street
Is Heard By All, But Only A Few Listen

Everyone told me it was a really stupid idea to start my own hedge fund right out of business school. That's how I knew that it was a good idea.

From day one, I was always unafraid to ask someone to invest because, I thought that, while capital was a commodity, good investment ideas were rare assets.

In order to be successful, you have to make sure that being rejected doesn't bother you at all.

When I first started in business, I didn't know when it was time to move on. But I learned a lot about what I call the return-on-invested-brain-damage calculation. If the return isn't high enough to justify the brain damage, I won't spend the time. Investing is one of the few things you can learn on your own.

The benefit of short sellers to the markets is they're sort of the canary in the coal mine… They are the early warning signal about a problem in the business, a problem in the capital markets.

I've seen very few people in the world accomplish anything unless they were optimists.