I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.

I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.

Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.

Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.

It's a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.

The tub helps me relax, and it's a great place to read.

Excessive optimism sows the seeds of its own reversal.