“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.

The whole year I was in LA I got into telemarketing and learned how to make money. Five years later that skill helped me make my first film.

While free markets tend to democratize a society, unfettered capitalism leads invariably to corporate control of government.

Well, the whole history of Star Trek is the market demand.

The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.

I stepped into the martial arts movie market when I was only 16. I think I have proved my ability in this field and it won’t make sense for me to continue for another five or 10 years.

The export market is based, on high-paying jobs. I`ve seen statistics that show that people make over 88 a year generally benefit from this because these are export jobs.

Be reactionary. React to what the market wants. And the market wants one-on-one real time engagement. Now that we have the tools to engage, I’m going to continue fighting for the end user.

No matter how exceptional your product, you won’t benefit financially if you can’t sell it.