Remember that history always repeats itself. Every great bubble in history has broken. There are no exceptions.

Remember that history always repeats itself. Every great bubble in history has broken. There are no exceptions.

By background I'm both a Quaker and a Yorkshireman, which I like to call double jeopardy.

The potential for alternative energy sources, mainly solar and wind power, to completely replace coal and gas for utility generation globally is, I think, certain. The question is only whether it takes 30 years or 70 years.

I would say that financial markets are very inefficient, and capable of extremes of being completely dysfunctional.

The individual is far better-positioned to wait patiently for the right pitch while paying no regard to what others are doing, which is almost impossible for professionals.

Equities are boring; bonds are disgusting.