Many hedge fund managers have become billionaires perhaps this - plus their reputations as the smartest guys in the room - is why they have captured the investing public's imagination.

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.

Writers are always anxious, always on the run--from the telephone, from responsibilities, from the distractions of the world.

Letitia! What a name. Halfway between a salad and a sneeze.

It is time now for us to rise from sleep.

What an artist is for is to tell us what we see but do not know that we see.

A state-of-the-art calculation requires 100 hours of CPU time on the state-of-the-art computer, independent of the decade.

History is beautiful stories or scary stories, yeah.

The whole trouble is that we won't let God help us.

It is very difficult to get up resentment towards persons whom one has never seen.

There's at least a hundred times more people with great ideas than people that are willing to put in the effort to execute them well.

I think love is blind. You don't see it, you don't hear what people are saying, or what you're saying. You don't see what you're doing. All you see is the person in front of you. That's it.