4. There isn’t a single formula. You need to know a lot abou...

4. There isn’t a single formula. You need to know a lot about business and human nature and the numbers… It is unreasonable to expect that there is a magic system that will do it for you.

5. There are three ways to go broke: 'liquor, ladies and leverage'

6. There is no better teacher than history in determining the future… There are answers worth billions of dollars in a history book.

7. We have three baskets for investing: yes, no, and too tough to understand.