Everyone said, 'You can't lose money in real estate, because they're not making any more of it.' Hmmmm. Where did everyone go wrong?

Auto insurance is a toll bridge, over which every honest driver has to pass.

The chief function of stock-market forecasters is to make astrologers look respectable.

You normally don't get a margin call unless your securities, minus the debt, are worth 30% or less of their nominal market value.

It seems like only yesterday that savers were dorks. They kept piggy banks. They drove last year's cars. They fished in their change purses for nickels while the superstars flashed credit cards. Today, values have changed. The new object of veneration is not money on the hoof but money in the bank - and the dorks all have it.

Three reasons not to have a [spending] plan: 1. You're rich enough to buy anything you want and still have plenty of money left over. 2. I forget the other two.

You don't date an annuity, you marry it. An annuity isn't a mutual fund that you buy today and sell tomorrow. Nor is it a certificate of deposit, ready for any new use at maturity. When you buy an annuity, you are making (or ought to be making) a 15- or 20-year commitment, at least.