Success is achieved by people who deeply understand reality and know how to use it to get what they want. The converse is also true: idealists who are not well-grounded in reality create problems, not progress.

You should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold.

I could see that making judgments about people so that they are tried and sentenced in your head, without asking them for their perspective, is both unethical and unproductive. So I learned to love real integrity and to despise the lack of it.

The world is still in deleveraging.

I treasure the fact there's media freedom, but with that goes responsibility. I think that there should be a self-regulatory organization and that they should start to think about standards. Because I think a lot of people say, I don't know how to read what is true versus somebody else's interpretation.

People who acquire things beyond their usefulness not only will derive little or no marginal gains from these acquisitions, but they also will experience negative consequences, as with any form of gluttony.

To test if you are worrying too much about looking good, observe how you feel when you find out you've made a mistake or don't know something.

I think that the first thing is you should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold.

Each person assesses each other person's credibility on different dimensions, because people are strong and weak in different things.

There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people.

I'd like to be clear that a number of people find me intolerable, and they don't hesitate to say so -- which they and I cherish.

If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.

Pull in your belt, spend less, and reduce debt.

Treat your life like a game.

An economy is not a complicated thing; it just has a lot of moving parts.

I pay about a third in taxes, I give away about a third, and I follow the law.

I think so many people are reactive... they see things in a short term way they're right up against it.

I don't get caught up in the moment.

For every mistake that you learn from you will save thousands of similar mistakes in the future, so if you treat mistakes as learning opportunities that yield rapid improvements you should be excited by them. But if you treat them as bad things, you will make yourself and others miserable, and you won't grow.

To make money in the markets, you have to think independently and be humble.