Nothing beats a little cash in a bear market, of course, and the oldest form of cash is gold.

Successful investing is about having people agree with you ... later.

Debt is always repaid, either by the borrower or by the lender.

In almost every walk of life, people buy more at lower prices; in the stock market they seem to buy more at higher prices.

[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.

It is an axiom nowadays that no bank fails for lack of capital; unprofitable lending is always the underlying cause.

It's about bums on seats. If nobody wants to listen to what you are doing, it kind of defeats the purpose really, doesn't it?