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“Artists, writers and people in creative fields are entrepreneurs by necessity. Nobody gives them a paycheck or picks up their medical insurance. The ones who succeed learn to think and act like 'independent operators.' I think people who are technically 'employees' have to think this way as well. The company is not looking out for you.”

“I know the difference between venture capital[ism] and vulture capitalism. Venture capitalism is a good thing, comes in, gives that gap funding to help these companies get off and get started creating jobs, and work. But Mitt Romney and Bain Capital were involved with what I call vulture capitalism. And they walked into Gaffney and took over that photo album company for no other reason than to basically pick the bones clean. And those people lost their jobs.”

“I did have a deal for a little while a cigar company that never really materialized that much, except that I ended up with 100 boxes of my own cigars with my signature on them. Which is great, they are wonderful cigars but they never really fulfilled out so now I'm out of it. I can sign up with somebody else or go pick a blend or whatever. I probably will, there is no sense in not doing it.”

“It just seems logical that sticking to investing in only a small number of companies that you understand well, rather than moving down the list to your thirtieth or fiftieth favorite pick, would create a much greater potential to earn above-average investment returns.”

“We're headed for collapse, if you want my opinion, Missy. I can see it in the fallin' off of the quality of vagrants. There was atime you could find real good company in almost any jungle you'd pick, men who could talk, men who'd read a book now and then; and now, what do you find, a lot of dirty little guttersnipes no decent tramp would want to associate with. Well, it's been that way all through history.”

“One of the ironies of the stock market is the emphasis on activity. Brokers, using terms such as 'marketability' and 'liquidity,' sing the praises of companies with high share turnover... but investors should understand that what is good for the croupier is not good for the customer. A hyperactive stock market is the pick pocket of enterprise.”