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There are far too many ineffective teachers and, in particular, far too many truly terrible teachers who are harming children and poisoning the system.

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The best way I know to get rich long-term is to invest prudently and conservatively and not try and get rich quick but try and get rich slowly, basically.

The key thing when you short is to make sure you're not wrong on the fundamental intrinsic value.

I think that most people who complain about our government have no idea what they're talking about because they've never been to a country with a bad government.

To a large extent, equity investors put their hard-earned capital into the hands of management and count on it being employed skilfully and honestly. When that doesn't happen, losses typically follow.

There is a natural tendency for investors to devote a significant majority of their time to finding new ideas. After all, uncovering great companies selling at great prices is the lifeblood of successful investing. But in the never-ending quest for the next great idea, investors often give short shrift to their existing investments.

Just because a company's future is highly uncertain doesn't mean an investment in it is risky. In fact, some of the best potential investments are highly uncertain but have little risk of permanent capital loss.

It's difficult to fix a truly broken business, but when it happens, the returns can be extraordinary.

When high-growth companies slow down, growth and momentum junkies often sell indiscriminately, which can create great opportunities for value investors. Just be careful not to anchor on the stock's previous price or earnings multiple, which are no longer relevant.

One can't be a successful investor without a healthy dose of confidence. To commit your own and others' hard-earned capital requires conviction, and conviction requires confidence. But as with fine brandy or coffee ice cream, too much of a good thing can be problematic.

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There are far too many ineffective teachers and, in particular, far too many truly terrible teachers who are harming children and poisoning the system.

There are far too many ineffective teachers and, in particular, far too many truly terrible teachers who are harming children and poisoning the system.

There are far too many ineffective teachers and, in particular, far too many truly terrible teachers who are harming children and poisoning the system.

There are far too many ineffective teachers and, in particular, far too many truly terrible teachers who are harming children and poisoning the system.

There are far too many ineffective teachers and, in particular, far too many truly terrible teachers who are harming children and poisoning the system.

There are far too many ineffective teachers and, in particular, far too many truly terrible teachers who are harming children and poisoning the system.

There are far too many ineffective teachers and, in particular, far too many truly terrible teachers who are harming children and poisoning the system.

There are far too many ineffective teachers and, in particular, far too many truly terrible teachers who are harming children and poisoning the system.

There are far too many ineffective teachers and, in particular, far too many truly terrible teachers who are harming children and poisoning the system.

There are far too many ineffective teachers and, in particular, far too many truly terrible teachers who are harming children and poisoning the system.

There are far too many ineffective teachers and, in particular, far too many truly terrible teachers who are harming children and poisoning the system.

There are far too many ineffective teachers and, in particular, far too many truly terrible teachers who are harming children and poisoning the system.

There are far too many ineffective teachers and, in particular, far too many truly terrible teachers who are harming children and poisoning the system.

There are far too many ineffective teachers and, in particular, far too many truly terrible teachers who are harming children and poisoning the system.

There are far too many ineffective teachers and, in particular, far too many truly terrible teachers who are harming children and poisoning the system.