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

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

You can blow on the dice all you want, but whether they come up seven is still a function of random luck.

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

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.

'Excessive regulation in the banking reform bill will destroy a substantial part of our bond-distributing machinery. Can anyone expect that a step of this kind will improve the quality of our long-term investments?'

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