"If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring."
"I'm rich because I know when I'm wrong...I basically have survived by recognizing my mistakes."
I very often used to get backaches due to the fact that I was wrong. Whenever you are wrong you have to fight or [take] flight. When [I] make the decision, the backache goes away."
"When money is free, the rational lender will keep on lending until there is no one else to lend to."
"The financial markets generally are unpredictable. So that one has to have different scenarios...The idea that you can actually predict what's going to happen contradicts my way of looking at the market."
"I was a human being before I became a businessman."
"Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected."
"The worse a situation becomes, the less it takes to turn it around, and the bigger the upside."
"Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes."
"We are the most powerful nation on earth. No external power, no terrorist organization can defeat us. But we can defeat ourselves by getting caught in a quagmire."
"Most of the poverty and misery in the world is due to bad government, lack of democracy, weak states, internal strife, and so on."
"Whenever there is a conflict between universal principles and self-interest, self-interest is likely to prevail."