You know those adages about smelling the roses and chasing butterflies? The markets are my butterflies and my roses.

I am tough but I have a soft side.

We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.

Whether a tops-down or bottoms-up investor in bonds, stocks, or private equity, the standard analysis tends to judge an investor or his firm on the basis of how the bullish or bearish aspects of the cycle were managed.

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.

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

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