Andy Kessler Quotes

When someone pukes up a stock, it's not hard to miss. Mispriced securities all over the table. And we are there with a barf bag, collecting all we can.

It was what I didn't know about that always seemed more interesting.

Think about it- the King James Bible took religion out of the hands of the high priests and put it in to the hands of the people. An entire generation became literate just to be able to read the King James version of the Bible.

but then I remembered how crass it is to talk money or stocks with university types.

You invest in companies with great long-term prospects.

I think what I learned is that wealth comes not just from taking risk but from constantly taking risks.

In fact, maybe Metcalfe's Law is the formula for Doug Engelbart's scaling of human knowledge, just as Watt's steam engine scaled human power.

Our portfolio was more of a Roach Motel-stocks came in and never left. This was exciting.

But I was confused. Here we were scrambling around looking under rocks for great long-term investments, and every other hedge fund, or so it seemed, was doing some funny hedge of cheap yen money and T-bills. That's investing?