Buy into good, well-researched companies and then wait. Let's call it a sit-on-your-hands investment strategy.

What is the most common investor mistake? Trading - getting in and getting out at all the wrong times, for all the wrong reasons.

Investors covet past improvements but also always believe pricing unimaginable future creativity and efficiency gains is Pollyannaish. And they're always wrong. Bet on it.

Most investors give too much credence to the theory that prices are rational; they presume that a market collapse must have been justified by serious economic trouble.

As an artist, you want to make good stories and create good art; as a businessman, you want to make money and make sure the investors are happy. The two will always clash, unfortunately.

When kids tried to pick on me, I always had one line to shoot them down with: 'I make more money in a week than you'll make in your entire life.' Which probably wasn't true, but they thought it was.

Debt is a social and ideological construct, not a simple economic fact.

Three groups spend other people's money: children, thieves, politicians. All three need supervision.