People have different impressions of themselves, and where reality lies is somewhere in between.

Companies typically borrow money at less than their return on equity and therefore compound their return at the expense of lenders.

Accountants, machinists, medical technicians, even software writers that write the software for "machines" are being displaced without upscaled replacement jobs. Retrain, rehire into higher paying and value-added jobs? That may be the political myth of the modern era. There aren't enough of those jobs.

If financial assets no longer work for you at a rate far and above the rate of true wealth creation, then you must work longer for your money.

I have a 41-year track record of investing excellence… what do you have?

People have different impressions of themselves, and where reality lies is somewhere in between.

If companies don't know that they can run out of money, they won't be thinking of ways not to run out of money.