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

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.

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

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...

Reaping from an opportunity is intelligence

When you do consolidation, you get rid of flying and you get rid of routes.

No government can sell its nation on the backs of its people.

The stillness of God is perfect. Nothing has to be added to it. Nothing can be taken away.

Not alone is the child born through the mother, but the mother also is born through the child.

If you are going to be progressive, then you have to make progress. And that sometimes depends on breaking a few legs.

You cannot say you've achieved equality until EVERYONE is equal and has equal opportunities!

Stories are amazing and powerful because they can resonate with people depending on their needs and experiences and speak truths we need to hear in that moment in time.

An inadvertent step may crush the snail That crawls at evening in the public path. But he that has humanity, forewarned, Will turn aside and let the reptile live.

Let's get the government stay out of our private lives, once and for all, and stop arresting smokers. Let's take a stand for personal freedom.