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

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…

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.

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.

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

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

You know, a lot of people feel that sobriety is about just stopping using whatever it was that you appeared to be addicted to, but it really has to do with a way of looking at your life and taking accountability.

We will never control this rising epidemic without greater accountability from the food industry.

It amazes me that parents are allowed to raise kids. There’s so much power and often very little accountability.

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

Even if I have to stand alone, I will not be afraid to stand alone. I’m going to fight for you. I’m going to fight for what’s right. I’m going to fight to hold people accountable

Everyone says they want community and friendship. But mention accountability or commitment to people, and they run the other way.

The Constitution is brilliant for accountability; for posing factions against each other, to fight amongst themselves in government, which protects our liberty. But also in ensuring that decision-making is made by those who the people can hold accountable.

I believe – we all pay taxes. I’m happy to pay it, but I hate to have it abused, money wasted, no accountability. That’s going to bother you.