“The Stone Age didn’t end because we ran out of stones, and the age of oil won’t end because we run out of oil.”

It does not reflect the fundamentals of supply/demand.

But the day they use hydrogen for transportation, this is the day that oil disappears.

The first law of economics is that when the price goes up, consumption comes down. This is a divine law.

Every day we hear about a new invention here and there and they are reducing considerably their consumption of oil.

I think the main problem we have is the pricing of oil as it is now. I think it’s wrong. It does not reflect the fundamentals of supply/demand.

A small group of people, they raise the price of oil and the whole world will suffer from this.

The oil companies are really making a very lucrative amount of profit from the high price of oil.

I will do my best to reduce the price of oil to expand the life span of oil at least for two decades or three decades.

The Stone Age did not end for lack of stone, and the Oil Age will end long before the world runs out of oil.

I don’t that they’re very keen to reduce the price of oil. The consumers are those who are the victims so I think that the producers, the governments, some of them, they’re enjoying the high revenue that they get.

We have not known a single person who has consistently or lastingly make money by thus “following the market”. We do not hesitate to declare this approach is as fallacious as it is popular.

An intelligent investor gets satisfaction from the thought that his operations are exactly opposite to those of the crowd.

It should be remembered that a decline of 50% fully offsets a preceding advance of 100%.

If fees consume more than 1% of your assets annually, you should probably shop for another adviser.

A defensive investor can always prosper by looking patiently and calmly through the wreckage of a bear market.

The chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions.

Speculative stock movements are carried too far in both directions, frequently in the general market and at all times in at least some of the individual issues.

The true investor… will do better if he forgets about the stock market and pays attention to his dividend returns and to the operation results of his companies.