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“You know, I think when you are unemployed, especially for a long time, it's hard to be inspired or hopeful almost about anything. So it's tough, especially when there has been such gridlock here in D.C. You know, when we are fighting and can't get anything done, whether you are liberal or conservative, Democrat or Republican, no one wins.”

“As an occupation in declining years, I declare I think saving is useful, amusing and not unbecoming. It must be a perpetual amusement. It is a game that can be played by day, by night, at home and abroad, and at which you must win in the long run. . . . What an interest it imparts to life!.”

“If a betting game among a certain number of participants I played long enough, eventually one player will have all the money. If there is any skill involved, it will accelerate the process of concentrating all the stakes in a few hands. Something like this happens in the market. There is a persistent overall tendency for equity to flow from the many to the few. In the long run, the majority loses. The implication for the trader is that to win you have to act like the minority. If you bring normal human habits and tendencies to trading, you'll gravitate toward the majority and inevitably lose.”

“In many ways, large profits are even more insidious than large losses in terms of emotional destabilization. I think it's important not to be emotionally attached to large profits. I've certainly made some of my worst trades after long periods of winning. When you're on a big winning streak, there's a temptation to think that you're doing something special, which will allow you to continue to propel yourself upward. You start to think that you can afford to make shoddy decisions. You can imagine what happens next. As a general rule, losses make you strong and profits make you weak.”

“The most important thing regardless of my stats or anybody else's stats is the win-loss record. In the locker room people are always telling me, you're doing this and that. I don't really pay that much attention so long as we have a 'W' in that column; that's the kind of thing that makes me really happy. It blows all stats out of the water.”

“It has long been observed, that an atheist has no just reason for endeavouring conversions; and yet none harass those minds which they can influence, with more importunity of solicitation to adopt their opinions. In proportion as they doubt the truth of their own doctrines, they are desirous to gain the attestation of another understanding: and industriously labour to win a proselyte, and eagerly catch at the slightest pretense to dignify their sect with a distinguished name.”

“I think that a good person can sometimes do wrong out of ignorance or weakness or wrong thinking, but when hard times come, the goodness wins out after all. And a bad person can often seem good and trustworthy for a long time, but when hard times come, the evil in him gets revealed.”