We misjudge risk if we feel we have some control over it, even if it's an illusory sense of control.
Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I'm the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans.
My company survives because I've learned to respect the ideas of people younger than me and recognize when my wisdom is obsolete.
As a precious metal, silver is also money.
Something's very wrong with a nation that would rather spend money on war than take care of its children.
It costs governments money to keep fuel prices low. Oil-rich Yemen, for instance, devotes 9 percent of its GDP to making sure its people don't riot when oil prices rise.
'Credit' is another word for trustworthiness.
'Socialize' means we turn more of our personal powers over to Big Brother, not free enterprise.
If you or I fail at business, we fail. If we cheat and fail, we go to jail. But if you're rich and politically connected, your incompetence may be protected by a government bailout.
I'd rather be a victor than a victim.
In the world of money and investing, you must learn to control your emotions.
Silver is used in the electronics industry and is consumed daily; stock piles of silver are dwindling.
If you have faith in our leaders of commerce, don't buy gold. If you do not have faith in them, maybe you should buy gold or silver.
While the Chinese people, as a rule, are good people, my business dealings with Communist Chinese officials have left me disturbed and concerned about the rise of the Chinese Empire.
World War II broke out in 1939, and many people credit that war with saving the economy.
I believe that one key to success is to accept truth, no matter how it's spoken.
Strength and compassion are not mutually exclusive.
I don't invest in ideas because ideas are a dime a dozen. I could steal the idea pretty quickly.
The thing most people don't pick up when they become an entrepreneur is that it never ends. It's 24/7.
You make more money if you're generous.
Intelligent people should learn from their experiences. With people on the street, the bad experience has beaten them.
The rich don't work for money - the rich invent money.
Most small-business owners have no financial education when they started. They weren't trained to be entrepreneurs.
If I have cash and I can't figure a way to put it into real estate or my business, I hold it in gold and silver.
I'm a real estate guy.
People clinging to job security, savings, retirement plans, and other relics will be the ones financially-ravaged from 2010-2020, the most volatile world-changing decade in history.
Most people have the opportunity of a lifetime flash right in front of them, and they fail to see it. A year later, they find out about it, after everyone else got rich.
Millions of Americans and people around the world, especially young people who face intense financial challenges today, haven't been taught how to take control of their financial future.
I mean, Hawaii is beautiful, but the world is full of beautiful places.
A game is like a mirror that allows you to look at yourself.
