Andy Kessler (author)

"Ive been doing this for years. Never invest in a company with the target price for the stock in the name of the company."

"But someone knew and made a killing. It was investing when you know something no one else knows."

"You invest in companies with great long-term prospects."

"When you think long-term, the edge is really investing because others cant know."

"It was what I didnt know about that always seemed more interesting."

"The stock market teaches you the hard way - its all in the margin."

"You cant ever forget how precarious and humbling running money really is."

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

"Cheap power helped create a new market that didnt exist previously."

"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 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. Thats investing?"

"A product lowers the cost of doing something and eventually, customers will figure this out and buy the stuff in big volume, but theyre not going to buy yet. Youve got to have real conviction to step up and own this kind of company-youre staring over the edge of the waterfall, not sure when the growth is going to start."