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

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

The Fed can change how things look, not how things are

Progress is cumulative in science and engineering, but cyclical in finance.

[T]he first bad bank loan was no doubt made around the time of the opening of the first bank.

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?

In general, markets know more than the people who write about them.