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My peculiarity is that I don’t have a particular style of investing or, more exactly, I try to change my style to fit the conditions.

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The truth is, successful investing is a kind of alchemy.

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Every bubble has two components: Some real trend, and a misconception about that trend.

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The worse a situation becomes, the less it takes to turn it around, the bigger the upside.

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I’m only rich because I know when I’m wrong… I basically have survived by recognizing my mistakes.

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Misconceptions play a prominent role in my view of the world.

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Start by assuming the market is always wrong, so if you copy everybody else on Wall Street, you’re doomed to do poorly.

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Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected.

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A man should never be appointed into a managerial position if his vision focuses on people’s weaknesses rather than on their strengths.

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Listening (the first competence of leadership) is not a skill, it is a discipline. All you have to do is keep your mouth shut.

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