We have never had the will to enforce the immigration laws. What you see is what you'll continue to get.

The game of investing is one of making better predictions about the future than other people. How are you going to do that? One way is to limit your tries to areas of competence. If you try to predict the future of everything, you attempt too much.

If it happens every year like clockwork, what's so extraordinary about it?

Spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day-if you live long enough-like most people, you will get out of life what you deserve.

The interesting thing is the field is so big - it's enormous. One thing a modern civilization needs is energy.

Just avoid things like racing trains to the crossing, doing cocaine, etc. Develop good mental habits.

This is a good life lesson: getting the right people into your system is the most important thing you can do.