Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.

We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.

All successful investment involves trying to get into something where it's worth more than you're paying. That's what successful investing is.

I'm only rich because I know when I'm wrong… I basically have survived by recognizing my mistakes.

Remember, I am neither a bear nor a bull, I am an agnostic opportunist. I want to make money short- and long-term. I want to find good situations and exploit them

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.