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

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

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.

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.

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