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

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

For those of you who may be unaware, [Michael] Boskin is the economist/weasel/fraud who helped to officially distort the CPI, making it more or less worthless as a measure of inflation.

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

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.

I find it funny that people who didn’t think there was any inflation in the pipeline are now talking about stagflation.

Rather than engage in the sort of selective retention that so many investors tend to do and pretend mistakes never happened, I prefer to own them. This allows me to learn from them and, with any luck, avoid making the same errors again.

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.

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

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

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

Salesmen always need something to sell.

And any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.

Excessive regulation in the banking reform bill will destroy a substantial part of our bond-distributing machinery.

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.

You can blow on the dice all you want, but whether they come up seven is still a function of random luck.

This is nothing like the 1970’s, which was a pretty dismal period and not just because of polyester and disco.

Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market.

All you need is the best product in the world, the most efficient production in the world and global marketing.

“Global culture” is of course not a culture: it’s the global marketing and imposing of commodities and images for the interests of the few at the expense of the many.

Money coming in says I’ve made the right marketing decisions

I think putting labels on people is just an easy way of marketing something you don’t understand.

The biggest moment of flexibility in our shopping habits is when we have a child, because when you think about it, all of your old routines sort of go out the window, and suddenly a marketer can come in and sell you new kinds of things.

The greatest stock market you can invest in is yourself. Finding this truth is better than finding a gold mine.

What you sow, you reap. It’s a law of nature. Network Marketing is perfectly aligned with that. You get truly, EXACTLY what you’re worth! No nepotism, no favoritism. That’s rare today.