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.

Pay per click was just the beginning. The real evolution is pay per action.

In questioning initially whether I am a great investor, I open the door to question whether other similarly esteemed public icons like Bill Miller are as well. It seems, perhaps, that the longer and longer you keep at it in this business the more and more time you have to expose your Achilles heel - wherever and whatever that might be.

Imperceptibly, the developed world's manufacturing base was gradually eroding and being replaced by securitized finance that destroyed itself and nearly its economies in 2008.

Whenever I read the newspaper, I say to myself, 'At least my wife loves me.'

When the tide goes out, you get to see who's swimming naked. PIMCO has had its bathing suit on for a long time

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.