“Can anyone expect that a step of this kind will improve the quality of our long-term investments?’”

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.

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.

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

To have a body is to suffer. Does anyone with a body know peace? Those who understand this detach themselves from all that exists and stop imagining or seeking anything. The sutras say, “To seek is to suffer. To seek nothing is bliss.” When you seek nothing, you’re on the Path.

Should anyone attempt to deceive you by false expressions, and not be a true friend at heart, act in the same manner, and thus art will defeat art. [If you would catch a man let him think he is catching you.]

Savasana is being without was, being without will be. It is being without anyone who is.

I’m going to make a very bold statement: Hip-hop has done more than any leader, politician, or anyone to improve race relations.

If anyone asks me whether I like being a popular writer, I ask them whether they think I’d rather be an unpopular writer.

You make me happy, even when you’re awful. I would rather be with you – even the you that you seem to think is diminished – than with anyone else in the world.

Mama always taught her children that words were pretty, but anyone can talk. She said, pay attention to that man or woman who acted, who did, who performed. She taught us to trust in thing we could see, not that we heard.

It`s always worth while before you do anything to consider whether it`s going to hurt another person more than is absolutely necessary.