At one point, I recognized that Warren Buffett, though he had every advantage in learning from Ben Graham, did not copy Ben Graham but, rather, set out on his own path and ran money his way, by his own rules... I also immediately internalized the idea that no school could teach someone how to be a great investor.

Innovation, especially in America, is continuing at a breakneck pace, even in areas facing substantial political or regulatory headwinds. The advances in health care in particular are breathtaking - so many selfless souls are working to advance science, and this is heartening.

I seek individual investments that will allow me to target total portfolio returns of at least 20% annually after fees and expenses on an annual basis over a period of years, not months.

Government policies and regulations in the postcrisis era have aided the hollowing-out of middle America far more than anything the private sector has done. These changes even expanded the wealth gap by making asset owners richer at the expense of renters.

I'm not gonna waste my money watching two cheaters fight. Why would I? They're cheaters, in the end. That's basically all they are. They should get nothing.

The Bollywood distribution system is so corrupt that they have trouble making money off movies. So they sell shoes that an actress stepped in. If they turned up the amps some, maybe they could sell the actresses.

People who lose money always need someone to blame.

The money part is one of the most difficult things. Coppola always said I should do a tango movie. If it hadn't been for him, I don't know where we would have gotten the money.