I find it funny that people who didn't think there was any inflation in the pipeline are now talking about stagflation. This is nothing like the 1970's, which was a pretty dismal period and not just because of polyester and disco.

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. The Boskin Commission... was an act of cowardice. Rather than man up and say fix this, its broken, we can't afford it.

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

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

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

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.