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

Salesmen always need something to sell.

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.

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

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

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

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.