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" I'm not emotional about investments. Investing is something where you have to be purely rational and not let emotion affect your decision making - just the facts. "

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" If you think of the typical Herbalife distributor and their level of sophistication, to this day I still don't understand the marketing plan - true story. "

" Preserving the 30-year prepayable fixed-rate mortgage - it's like the bedrock of the housing system - is critical. "

" Herbalife: the customers are fictitious, the business opportunity is a scam, the university degree is a fraud. "

" I was a little bit of a cocky kid. "

" I am always prepared to do the right thing regardless of what other people think. "

" Investing is a business where you can look very silly for a long period of time before you are proven right. "

" I think the hedge-fund industry has taken a reputational turn for the worse, this dog-eat-dog stuff. I'm not just talking about Herbalife or J. C. Penney, but in other situations where the media really focuses on who's long and who's short. I don't think it's a good thing for the industry. "

" If I believe that I am right, I will take it to the end of the earth until I am proven right. "

" It is a certainty that Herbalife is a pyramid scheme. We believe it's harming a population of low-income, principally Hispanic people in the U.S. to benefit a handful of super wealthy people at the top of the pyramid. "

" I'm an extremely, extremely persistent person. Extremely. And when I believe I am right, and it is important, I will go to the end of the earth. "

" Experience is making mistakes and learning from them. "

" I think a very good system in a world with a lot of passive investors is one in which there are at least a few entrepreneurial investors, prepared to say what they think, prepared to propose a change in management, change in strategy, change in cost structure, capital structure. "

" If you look at the great frauds of all time, Enron had that phantom trading floor. What Herbalife has is it has phantom or fictitious customers. "

" The President is the CEO of this business that we call America. "

" I think good private equity investors create a lot more economic value than they destroy. "