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The best investors are the ones who are most comfortable being uncomfortable.
investing— CNBC Interview, 2013
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I don't have a crystal ball. Nobody does. But I can figure out what's cheap and what's not, and I can figure out what governments will do when their backs are against the wall.
macro— Bloomberg Interview, 2012
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Markets are always right. But sometimes they're right for the wrong reasons, and that's where you make your money.
markets— CNBC Interview, 2010
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We're not afraid of volatility. Volatility is just opportunity wearing a scary mask.
risk— Institutional Investor Profile, 2009
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The key is the asymmetry. Find trades where you can lose a dollar but make ten. Do enough of those and time takes care of the rest.
investing— Carnegie Mellon Commencement Address, 2004
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I'm not a genius. I just work harder than almost anyone else on the ideas I believe in, and I don't let fear make my decisions for me.
mindset— Bloomberg Markets Profile, 2015