I think that one should recognize reality even when one doesn't like it; indeed, especially when one doesn't like it.

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.

If you always tell people why, they'll understand it better, they'll consider it more important, and they'll be more likely to comply.

All I want to know is where I’m going to die, so I’ll never go there

Great investing requires a lot of delayed gratification.

Never, ever, think about something else when you should be thinking about the power of incentives.

I call myself the assistant cult leader.