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The best plan is to profit by the folly of others.

Many an optimist has become rich by buying out a pessimist.

Any business owner can tell you that if their company isn't performing profitably and up to standards, one of two things will happen: either you make changes to improve its efficiency, or a competitor will drive you out of business. Market forces have a way of cutting to the chase rather quickly.

It is a profitable thing, if one is wise, to seem foolish.

Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.

It's difficult to make your clients understand that there are certain days that the market will go up or down 2%, and it's basically driven by algorithms talking to algorithms. There's no real rhyme or reason for that. So it's difficult. We just try to preach long-term investing and staying the course.

When it comes to investing, you are your own worst enemy.

There's no better friend to any merchant than a fair competitor.

The trick is, a market has to be nonexistent when you start. If the market is large early on, you will have too many competitors. You have to make it large.

When the market goes to hell, it's more of an opportunity than a problem.