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"And, strangely, this one of the few things in life that the third, the latter, the buy with our eyes closed has actually done better than everybody else."
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"There are tons of people who are late to trends by nature and adopt a trend after it's no longer in fashion. They exist in mutual funds. They exist in clothes. They exist in cars. They exist in lifestyles."

"And, strangely, this one of the few things in life that the third, the latter, the buy with our eyes closed has actually done better than everybody else."

"The people who are buying stocks because they're going up and they don't know what they do deserve to lose money."

"I am doing my best to find it. I will find it before the public finds it. I will get out of it before it's too late. The reason I will do that is because that's what I'm paid to do."

"There's accountability in the mutual fund industry. And they've been tremendous engines of wealth for people and they're going to continue to be so."

"The danger that we have right now are people who get the same information as I do and, therefore, think they'll reach the same conclusions that haven't traded as long, don't have bear claws up and down their backs like I do."

"I mean it's the most objective industry in the world. If your numbers stink, you're out. If your numbers are good, you get more money. It's the most Darwinian, it's beautiful, it's brutal, it works."

"I don't think that's changed at all. I think there are a thousand stocks out there that could make you rich, totally independent of what you do for a living."

"I want to buy them, because historically these have been great engines of enrichment for the middle class, 'historically' meaning now for a good ten years."

"It's the company itself, but most of these mutual fund companies, the guy who runs the company is just a fact totem and the guy who runs the money is the power. But we really don't know who they are."
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