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.

Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.

Bond investors are the vampires of the investment world. They love decay, recession - anything that leads to low inflation and the protection of the real value of their loans.

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

Both from the standpoint of stocks and bonds, an investor wants to go where the growth is.

Bonds despite their ridiculous yields will not easily be threatened with a new bear market.

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