Of course you want to drive that out of yourself because you want to be wise, not foolish. You also have to allow for the self-serving bias of everybody else because most people are not going to remove it all that successfully, the human condition being what it is. If you don't allow for self-serving bias in your conduct, again you're a fool.

Wall Street has too much wealth and political power.

Determine value apart from price; progress apart from activity; wealth apart from size.

You want to deliver to the world what you would buy if you were on the other end.

If mutual fund directors are independent, then I'm the lead character in the Bolshoi Ballet.

Of course I'm troubled by huge consumer debt levels - we've pushed consumer credit very hard in the US. Eventually, if it keeps growing, it will stop growing. As Herb Stein said, "If something cannot go on forever, it will stop." When it stops, it may be unpleasant. Other than Herb Stein's quote, I have no comment. But the things that trouble you are troubling me.

The idea of excessive diversification is madness.