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

The Boskin Commission… was an act of cowardice. Rather than man up and say fix this, its broken, we can’t afford it.

It is important for investors to understand what they do and don’t know. Learn to recognize that you cannot possibly know what is going to happen in the future.

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

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.

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.

If it does nothing else, allows one the opportunity to make prolonged observations about one’s fellow travelers.

If I can keep this up and nothing interferes with my progress, one of these days I might be able to contribute something to the world.

Remember, there is nothing you can do to change it, but you can use its lessons to improve your future.

Desire nothing except desirelessness. Hope for nothing except to rise above all hopes. Want nothing and you will have everything.

Man, there ain’t gonna be nothing left for Janis.

When nothing upsets you, you are at the beginning of the path. When you desire nothing, you are halfway on the path; when nothing becomes everything, you are perfected.

It is the best thing that can happen to an actor. I am one of the youngest to belong. If I can keep this up and nothing interferes with my progress

Freedom is just another word for when you have NOTHING left to lose.