Art is a form of asset. Hedge-fund managers who have made money fast should diversify into other areas..

When your views are truly contrarian, they are inevitably uncomfortable. Courage and the ability to withstand pain are required..

A good trader has to have three things: a chronic inability to accept things at face value, to feel continuously unsettled, and to have humility..

Brokerage firms don't sell customers stock so much as they sell those horrible mutual funds.

Time and again, in every market cycle I have witnessed, the extremes of emotion always appear, even among experienced investors. When the world wants….

Good investing is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake..

I was happier when pursuing success than I was when savoring its fruits; the attraction, perhaps the addiction, was in the process, as much as in its….

A little part of my life is built around ancient art..

If you see a wonderful archaic Greek marble object in a museum, it's not only that it's beautiful, but what comes to your mind is the fact that it's ….

Just as outright euphoria is often a sign of a market top, fear is for sure a sign of a market bottom. Time and time again, in every market cycle I h….

One of the most important analytic tools when assessing an investment is an intellectually advantaged disparate view. This includes knowing more and ….

In North America, the greatest threat to the Jewish people is not the external force of antisemitism, but the internal forces of apathy, inertia and ….

The hardest thing over the years has been having the courage to go against the dominant wisdom of the time to have a view that is at variance with th….

You have to be intellectually honest with yourself and others. In my judgment, all great investors are seekers of truth..

The balance between confidence and humility is best learned through extensive experience and mistakes..

In the 1950s and 1960s, the heroes were the long-term investors; today the heroes are the wise guys..

Part of my attraction to ancient art is that there is an element of risk, of speculation..

The markets are always changing, and the successful trader needs to adapt to these changes..