“While I take no pleasure in others' misfortunes, we've historically ma...” — Whitney Tilson Quote

“While I take no pleasure in others' misfortunes, we've historically made most of our profits from other investors behaving in a panicked and irrational fashion and selling us certain stocks at prices far below their intrinsic value. More volatility equals cheaper stocks, which equals higher returns.”

“No one would suggest completely ignoring news about your investments. Enron investors, for example, would have been well served to sell once early reports of accounting irregularities surfaced. But the key is to keep news in context and act only if further reflection or study indicates that the core thesis for an investment has changed.”

“Those who sit at the feast will continue to enjoy themselves even though the veil that separates them from the world of toiling reality below has been lifted by mass revolts and critics.”

“In our country, racism is never far below the surface.”

“We have had a very severe frost and deep snow this month. My thermometer was one day fourteen degrees and a half below the freezing point, within doors.”