“Market prices are always wrong.”

To be successful, you need leisure. You need time hanging heavily on your hands.

I don’t panic. The same thing applies to me as to everybody else, so I’m given to euphoria and despair. And I would say that I basically have survived by recognizing my mistakes.

Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.

The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.

The world order needs a major overhaul.

If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.

Law has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society.

There is always a divergence between our perception and what actually exists.

The main obstacle to a stable and just world order is the United States. [This idea] happens to coincide with the prevailing opinion in the world. And I think that’s rather shocking for Americans to hear.

The financial markets play an active role in determining what’s going to happen, how the economy is going to function.

Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test.

I rely a great deal on animal instincts.

The collapse of the global marketplace would be a traumatic event with unimaginable consequences. Yet I find it easier to imagine than the continuation of the present regime.

Well, you know, I was a human being before I became a businessman.

The sovereignty of states must be subordinated to international law and international institutions.

Find the trend whose premise is false, and bet against it.

We all too often have socialism for the rich and rugged free market capitalism for the poor.

The dumbest reason in the world to buy a stock is because it’s going up.

Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.

A market is never saturated with a good product, but it is very quickly saturated with a bad one.

No government of the left has done as much for the poor as capitalism has. Even when it comes to the redistribution of income, the left talks the talk but the free market walks the walk.

The path to the CEO’s office should not be through the CFO’s office, and it should not be through the marketing department. It needs to be through engineering and design.

Companies face a handful of different risks, whether it is competitors or different market environments. But I think that people focus way too much on competitors and not enough on their own execution.

Those who stop marketing to save money are like those who stop a clock to save time.