One thing I detest most about the financial press is the lack of accountability. All sorts of nonsense is said without penalty.

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.

Never forget this simple truism: Forecasting is marketing, plain and simple.

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.

Salesmen always need something to sell.

This ugly duckling investment will likely need time - quarters, or even years - to blossom into a beautiful swan.

If I am going to trash others for their dumb predictions, I must at least hold myself to the same sort of accountability.

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.

Returnless risk is not how you prepare for a decent retirement.

History is replete with examples of tech firms that were marginalized by new companies and technologies.

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...

Well, here we are."Sometimes a statement of the bloody obvious was the only appropriate way forward. As if to give life ceremonious permission to proceed.

I felt completely at home in Mexico - speaking Spanish to my cousins, running around Acapulco and stuffing my face with mole and homemade tortillas. Mexico opened my heart.

When conscious activity is wholly concentrated on some one definite purpose, the ultimate result, for most people, is lack of balance accompanied by some form of nervous disorder.

I write one poem a year, usually in January or February.

Think truly, and thy thoughts shall the world's famine feed.

Dizzy, Duke and Charlie Parker were the greatest jazz legends of all time.

Peace before everything, God before anything, Love before anything, real before everything, Home before any place, shoot before anything, Style and state radiate, Love Power slay the hate.

It's not our job to make people like us if they don't.

Law is nothing unless close behind it stands a warm, living public opinion.