“...there should be no place in a portfolio for hedge funds. There are lots of reasons, but the main one is simple: Investing in hedge funds is a great way to increase the odds of underperformance.”

“I never use hedge funds because I am well aware of what drives future performance, and hedge funds start out with a great disadvantage in every major category: taxes, fees, risk management, transpa...”

“The stock market cares about only one thing above all else: anticipated earnings. If companies make more money, their share prices eventually rise. The stock price is simply a reflection of a compa...”

“Rather than be fearful and sell out at the worst time or get greedy when the market is way up, investors should control their emotions and not only avoid panic, but embrace the market volatility fo...”

“There is ample evidence that confirmation bias permeates throughout investors' decisions. For example, once an investor likes a stock, he is likely to seek out information that validates that stock...”

“Do what you can with all love and passion irrespective of whether it pays you well or not. Joy in the result lives longer than the joy in the reward.”

“Americans are following a stampede to the financial slaughterhouse. Let us stop following them and go in the other direction.”

“Thou shalt not forget that money is only money and not character or fame.”

“I will wait for you until the gold from the sun dwindles away.”

“Gold is the corpse of value...”

“Gold conjures up a mist about a man, more destructive of all his old senses and lulling to his feelings than the fumes of charcoal.”