Risk Comes From Not Knowing

If You Have A Great Manager, You Want To Pay Him Very Well.

You Don't Want 300 Million Americans Putting Their Money Under The Mattress.

Rule No.1: Never Lose Money. Rule No.2: Never Forget Rule No.1.

If You Own The Only Newspaper In Town, Up Until The Last Five Years Or So, You Have Pricing Power And You Didn't Have To Go To The Office.

You Could Take All The Gold That's Ever Been Mined, And It Would Fill A Cube 67 Feet In Each Direction. For What That's Worth At Current Gold Prices, You Could Buy All -- Not Some -- All Of The Farmland In The United States. Plus, You Could Buy 10 Exxon Mobils, Plus Have $1 Trillion Of Walking-around Money. Or You Could Have A Big Cube Of Metal. Which Would You Take? Which Is Going To Produce More Value?