People do not get what they want or what they expect from the markets; they get what they deserve.

You don't get what you want from investing, you get what you deserve.

Harness the Power of Accelerated Failure - the faster you fail, the faster you succeed.

The US is headed for ruin and revolution. The revolution will almost certainly be put down, violently. But the ruin cannot be stopped.

Remember, government is not an enlightened organization designed to promote public welfare. It is barbaric, uncivilized force…military and police power put to the service of the insiders who control it. Yes, there are constraints on the way the insiders use their power. There are ‘checks and balances,’ built into the constitution, for example. And there are cultural norms and traditional prohibitions. But eventually, the norms and traditions wear off, like painkillers. And then, the pain of raw government begins again.

A man on his owns knows that he is best advised to leave his dumbbell neighbors alone. But let him join a political party, and he fantasizes that he has the right and the power to tell everyone on the block what to do.

If there is one thing that marks families with money in the long term it is this: delayed gratification.