Salesmen always need something to sell.

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.

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.

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...

Sometimes we have to get out of our own way.

We should work to guarantee that there is a midwife or health worker by every woman's side during childbirth.

Exposure and attention make a work famous - the more you talk about it, the more attention it gets, the more validity it achieves.

Often my very first flash of colour recognition, before it has been processed by the rest of the information in my brain, is the right one.

I think there's a part of us that fantasizes about having some sort of super power. If I could have one, it would definitely be teleportation!

The meaning of service is to do the work assigned ungrudgingly and without thought of personal reward material or moral.

Not-writing is a good deal worse than writing.

The surest method against scandal is live it down in well-doing.

The goal of our sanctification is that we place Christ on display in the way we love others.

One must take all one's life to learn how to leave, and what will perhaps make you wonder more, one must take all one's life to learn how to die.