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

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.

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

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.

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

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

Rather than engage in the sort of selective retention that so many investors tend to do and pretend mistakes never happened, I prefer to own them. This allows me to learn from them and, with any luck, avoid making the same errors again.