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.

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

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

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.

'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?'