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

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.

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.

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.

Anyone who knew the word slattern was worth cultivating as a friend.

But we will encourage the church to do that in general for anyone and everyone who’s seeking to be a mature believer in Christ.

I don’t avoid anyone but I always think some people hate me.

Levante have gone fourth in Serie A. If anyone can tell me what part of Italy Levante is in, please call. I’ve no idea

We are all more intelligent than we are capable, and awareness of the insanity of love has never saved anyone from the disease.

Nowadays, anyone who cannot speak English and is incapable of using the Internet is regarded as backward.

Anyone who isn’t embarrassed of who they were last year probably isn’t learning enough.

What is fascinating about marriage is why anyone wants to get married.