Why is it possible to rescue S&L buccaneers in the early '90s and provide guidance to levered Wall Street investment bankers during the 1998 long-term capital management crisis, yet throw 2 million homeowners to the wolves in 2007?

Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries.

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.

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.

Finding the best person or the best organization to invest your money is one of the most important financial decisions you'll ever make.

Do you really like a particular stock? Put 10% or so of your portfolio on it. Make the idea count … Good [investment] ideas should not be diversified away into meaningless oblivion.

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