Tough times helped many commodities producers become lean and mean through consolidation, mergers and cost-cutting. All that excess supply has been sopped up.

Commodities tend to zig when the equity markets zag.

Most of my thoughts, you couldn't print.

You can no longer buy commodities at Merrill Lynch. My guess is many analysts and even executives are too young to know how profitable a hot commodities market can be. They will soon.

If the current birth rate, which is the lowest in the major developed countries, continues, there will be no Japanese. Who will pay the enormous debt?

Index investing outperforms active management year after year.

Do not buy the hype from Wall St. and the press that stocks always go up. There are long periods when stocks do nothing and other investments are better.

Right now I own shares of companies in 28 countries.

Historically, there has been a bull market in commodities every 20 or 30 years.

The price of a commodity will never go to zero. When you invest in commodities futures, you're not buying a piece of paper that says you own an intangible piece of company that can go bankrupt.

Get inside information from the president and you will probably lose half your money. If you get it from the chairman of the board, you will lose all of your money.

I think this is also a great time to invest in private equity, helping companies grow from the ground up.

Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows.

Tough times helped many commodities producers become lean and mean through consolidation, mergers and cost-cutting. All that excess supply has been sopped up.

If you want to be lucky do your homework.

Never act upon wishful thinking. Act without checking the facts, and chances are that you will be swept away along with the mob.

Excess of grief for the dead is madness; for it is an injury to the living, and the dead know it not.

The refusal to rest content, the willingness to risk excess on behalf of one's obsessions, is what distinguishes artists from entertainers, and what makes some artists adventurers on behalf of us all.

A moderate addiction to money may not always be hurtful; but when taken in excess it is nearly always bad for the health.

Truth, like the juice of the poppy, in small quantities, calms men; in larger, heats and irritates them, and is attended by fatal consequences in excess.

Excess on occasion is exhilarating. It prevents moderation from acquiring the deadening effect of a habit.

In every aspect of life, including the economic dimension, we are always challenged to do the right thing. In many cases in the market system, which allows a great deal of latitude for human choice, people can get carried away to excess.

Excess of liberty, whether it lies in state or individuals, seems only to pass into excess of slavery.

Pride and excess bring disaster for man.

Excess generally causes reaction, and produces a change in the opposite direction, whether it be in the seasons, or in individuals, or in governments.

Every reform, however necessary, will by weak minds be carried to an excess, that itself will need reforming.

It's not the drinking to be blamed, but the excess.

Never order food in excess of your body weight.

Where an excess of power prevails, property of no sort is duly respected. No man is safe in his opinions, his person, his faculties, or his possessions.

Whereas money is a means to an end for a filmmaker, to the corporate mind money is the end. Right now, I think independent film is very confused, because there's excess pressure in the marketplace for entertainment to pay off.

This desire for equity must not lead to an excess of welfare, where nobody is responsible for anything.

The excess of our youth are checks written against our age and they are payable with interest thirty years later.

The road of excess leads to the palace of wisdom.

All pain is per se and especially in excess, destructive and ultimately fatal in its nature and effects.

We'd dub the one that came off best into the final transcription. It gave us a chance to ad lib as much as we wanted, knowing that excess ad libbing could be sliced from the final product.

Use, do not abuse; neither abstinence nor excess ever renders man happy.

I've seen disgusting excess in business, and I've seen disgusting excess in Washington. But at the same time, I've certainly learned that Washington matters and that you can't ignore it, especially when you get into telecom.

One would think that in writing about literary men and matters there would be no difficulty in finding a title for one's essay, or that any embarrassment which might arise would be from excess of material. I find this, however, far from being the case.

Excess of wealth is cause of covetousness.

You're in a mess, and in excess.

Witticisms please as long as we keep them within boundaries, but pushed to excess they cause offense.

Crime is a product of social excess.

We never search for scandal, but we use it if it cries out to excess.

Evil has no substance of its own, but is only the defect, excess, perversion, or corruption of that which has substance.

This I consider to be a valuable principle in life: Do no thing in excess.

Nothing exceeds like excess.

The chief beginning of evil is goodness in excess.

Every form of government tends to perish by excess of its basic principle.

I learned very early that our health is always impaired by some excess either of food or abstinence, and I never had any physician except myself.