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

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.

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...

I don't want to be pigeonholed into doing just romantic comedies. But they're fun, and especially for women, it's nice to go to see them and enjoy that breath of fresh air.

Thankfully, I'm lucky enough to be able to eat ice cream. I've got to have my cookies and cream! But I work out a lot, so I burn a lot of calories.

Let's remember that our leadership is defined not just by our defence against threats, but by the enormous opportunities to do good and promote understanding.

I think I feel automatically at home in Italy

No, the real American has not yet arrived. He is only in the Crucible, I tell you - he will be the fusion of all races, perhaps the coming superman.

People always step up and do things out of the ordinary at the Olympics.

Designers have always shown outlandish and exuberant clothes, but that hasnt always translated to the streets.

It is those who are successful, in other words, who are most likely to be given the kinds of special opportunities that lead to further success.

In Europe, it's more common to hear aggressive dance tracks on the radio.

Oh, a friend! How true is that old saying, that the enjoyment of one is sweeter and more necessary than that of the elements of water and fire!