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“In certain parts of the world - where I'm at right now in New York, you're going to pay a whole lot more. In Los Angeles, your average starter home is a million dollars. So I need more money in Los Angeles to live like a normal person. If I live in another city, Iowa maybe, I wouldn't need as much.”

“The public, as a whole, buys at the wrong time and sells at the wrong time. The average operator, when he sees two or three points profit, takes it; but, if a stock goes against him two or three points, he holds on waiting for the price to recover, with oftentimes, the result of seeing a loss of two or three points run into a loss of ten points.”

“When homo sapiens is changing, it will not be by the whole race gaining simultaneously whatever qualities better fit it for survival, but rather by certain types of mankind proving superior to the rest in survival value, so that they contribute a larger proportion to the later generations, and in so doing drag the average qualities of humanity in the same direction.”

“I went to Columbia University because they were doing a study on people who suffered from panic attacks, and because I suffered from panic attacks my whole life, I decided to be a part of it. They had this questionnaire where they asked, How many units of alcohol do you have in a month? The top answer was 40 or more, and I got really scared because I was having on average 60 or 70 drinks a week. And I realized that that was a bad sign.”

“Professional investment may be likened to those newspaper competitions in which the competitors have to pick out the six prettiest faces from a hundred photographs, the prize being awarded to the competitor whose choice most nearly corresponds to the average preferences of the competitors as a whole.”

“It is a mistake to think of these men as visionary dreamers, playing around at Philadelphia with abstract conceptions of political theory, pulling a whole scheme of government out of the air like a rabbit out of a hat. True, many of them had read and studied enough about the science of politics to put the average statesman of today to shame. But political science was to them an extremely practical topic of discussion, dealing with the extremely practical business of running a government--not, as today, a branch of higher learning reserved for the use of graduate students.”