A [Donald] Trump win might be bad for stocks, but it would be very positive for the dollar and Treasurys.

[Donald Trump] is so unpredictable that foreigners are going to look around and say "boy, we've got to head for the safe havens." And one of the safe havens is Treasurys and [another is] the dollar.

Despite the recent conviction of many that we're headed back to inflation, I think deflation remains the more likely prospect. You've just got too much excess capacity in the world.

Investors aren't willing to accept the idea that we're in an era of lower returns.

Let's say [Donald] Trump wins. Is Congress going to let him build a wall on the Mexican border? I don't think so.

We've seen that in the past that where you've had uncertainty, and even where the Fed is raising rates, Treasurys rise as everybody heads for safety.

If someone loves you, they can fall out of love with you but they're probably going to keep fearing you. That's where we are with [Donald] Trump.

TPP is dead anyway, and similar deals in the eurozone are going nowhere.

Treasurys, as low as yields are, are higher than they are in most other developed countries.

We're in a pretty tumultuous world, and there's a lot of uncertainty. Treasurys are where people go as one of the few safe havens in the world.

[Niccolò] Machiavelli said it's better to be feared than to be loved.

Happiness is exercising the little freedom that we have by choosing things that create harmony in our lives.

Maintaining equanimity in misery is called penance (tapa).

The true business of the philosopher, though not flattering to his vanity, is merely to ascertain, arrange and condense the facts.

The world [is] now seeing might is right.

I'm definitely more attracted to chaos than to order.

There's no good that can come out of secrecy.

What comes from the heart goes to the heart

A mind at peace does not engender wars.

The culture used to move relatively slowly, so you could take aim. Now it moves so fast, and is so fluffy and meaningless, you feel like an idiot even complaining about it.