Every debt is ultimately paid, if not by the debtor, then eventually by the creditor.

Successful investing is about having people agree with you ... later.

[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.

Progress is cumulative in science and engineering, but cyclical in finance.

In almost every walk of life, people buy more at lower prices; in the stock market they seem to buy more at higher prices.

I believe that there is an important kernel of truth in the idea that financial errors recur every other generation.

The Fed can change how things look, not how things are

Credit is money of the mind.

Nothing beats a little cash in a bear market, of course, and the oldest form of cash is gold.

It's about bums on seats. If nobody wants to listen to what you are doing, it kind of defeats the purpose really, doesn't it?

In general, markets know more than the people who write about them.

Surprises, I feel now, are primarily a form of violence.

It's not physical weight which stops us from moving forward in life. It's the mental baggage we carry all day long which sabotages our success and happiness.

If peace came it would have to do so when there had been time to allow the hatred to grow out of people’s thinking.

Like water, we are truest to our nature in repose.

Our disrespect for thinking: someone sitting in a chair, gazing out of a window blankly, always described as 'doing nothing'.

I choose free libraries as the best agencies for improving the masses of the people, because they give nothing for nothing. They only help those who help themselves.

The most crazed religious fanatic argues in more calm and reasoned tones than liberals responding to statistics on concealed-carry permits.

Love is richest, most genuine, and most long lasting when you focus on being yourself and doing everything you can to make it possible for the other person to be him- or herself.

It is important not to confuse race and religion.

Sometimes guessing is the best you can do. In the real world, we guess all the time and it serves us well.