The only value of stock forecasters is to make fortune tellers look good.

Time is the friend of the wonderful company, the enemy of the mediocre.

The gross profits in many workouts appear quite small. It's a little like looking for parking meters with some time left on them. However, the predictability coupled with a short holding period produces quite decent average annual rates of return after allowance for the occasional substantial loss.

It's not that I want money. It's the fun of making money and watching it grow.

We're perfectly willing to trade away a big payoff for a certain payoff.

The smartest side to take in a bidding war is the losing side.