If the Scottish people decide to opt for independence, it would not be a good idea for Scotland to maintain a very rigid link to the pound.

The world is on a bumpy journey to a new destination and the New Normal.

Investors should invest on what they know. The biggest mistake is to invest on what they don't know.

Investors have to ask themselves two questions. How much can we grow our investments? And, can we afford our mistakes?

Most people are under exposed to global assets, including foreign stocks, bonds and currencies.

Investors should be cautiously positioned as the global economy and markets face major uncertainties. The downgrade will be a further headwind to growth and job creation in the U.S.

The one instrument that has relative political autonomy is monetary policy. Central banks do not need to go to Congress to get approval for an interest rate hike.

We normally think if you're going to lend someone money, you should get some reward for doing this. In Europe, it's a tax!

How long can interest rates stay negative? Think about this. Not only are you lending your money to governments, but you're paying them interest for the privilege of doing so.

Today's reports confirm that, unfortunately, post-crisis America is still not back to its good economic self.

As a whole, investors should welcome attempts to safeguard the integrity of markets. You need very clear rules applied to markets.

The real joy of writing lies in the opportunity of being able to sacrifice a whole chapter for a single sentence, a complete sentence for a single word...

Early to bed and early to rise may make a person 'healthy' but it may not make him ‘wealthy’ and ‘wise’! If anyone really wants to be wealthy and wise, he must read books and work intelligently!

Don Quixote's 'Delusions' is an excellent read - far better than my own forthcoming travel book, 'Walking Backwards Across Tuscany.'

Create a paradise anywhere you go.

One can't indefinitely do for somebody what he is reluctant to do for himself.

I wondered a little why God was such a useless thing. It seemed a waste of time to have him. After that he became less and less, until he was... nothingness.

Philanthropy is no longer about writing a check for $10,000 to the opera.

It feels strange to have spent much time wishing for something, for someone and then one day, suddenly, to just stop.

To know a truth well, one must have fought it out.

Satan gives Adam an apple, and takes away paradise. Therefore in all temptations consider not what he offers, but what we shall lose.