Keynes vs Hayek? Friedman vs Krugman? Those are the wrong intellectual debates. Its you vs. Tony Hayward, BP CEO, You vs. Lloyd Blankfein, Goldman Sachs CEO. And you are losing...

The market is going to love it. The market always seems to applaud major mergers, even though the vast majority of them don't work out and don't increase shareholder value.

Never forget this simple truism: Forecasting is marketing, plain and simple.

The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use to investors.

Salesmen always need something to sell.

This ugly duckling investment will likely need time - quarters, or even years - to blossom into a beautiful swan.

If I am going to trash others for their dumb predictions, I must at least hold myself to the same sort of accountability.

One thing I detest most about the financial press is the lack of accountability. All sorts of nonsense is said without penalty.

Unlike cheap stocks, inexpensive asset classes have a lower chance of big drawdowns (broad asset classes don't go to zero) and a higher probability of average or better returns.

Returnless risk is not how you prepare for a decent retirement.

History is replete with examples of tech firms that were marginalized by new companies and technologies.

If you have to think about it twice you probably shouldn't do it

No one is blessed to love more than one to the peak level except mother!

If mankind is naturally good, he is sure going against his nature more and more of the time. It sounds like a bad joke: the paranoids are after us.

Human beings are not black and white.

The new material fits very comfortably with the older stuff.

I was always drawn to more the social-expression-of-culture types.

This Christian poison hasn't stopped yet.

Crime butchers innocence to secure a throne, and innocence struggles with all its might against the attempts of crime.

If you want to learn something that will really help you, learn to see yourself as God sees you and not as you see yourself in the distorted mirror of your own self-importance.