“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.

To see how much a company is truly earning on the capital it deploys in its businesses, look beyond EPS to Return on Invested Capital (ROIC).

The investor should be aware that even though safety of its principal and interest may be unquestioned, a long term bond could vary widely in market price in response to changes in interest rates.

The intelligent investor shouldn’t ignore Mr. Market entirely. Instead, you should do business with him- but only to the extent that it serves your interests.

Individuals who cannot master their emotions are ill-suited to profit from the investment process.

If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume.

Successful investing is about managing risk, not avoiding it.

…the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals

It is very much easier for a rich man to invest and grow richer than for the poor man to begin investing at all. And this is also true of nations.