You don't actually find a strong correlation between- top-line GDP growth and making money in the market. It- it seems like you should. The fastest-growing countries should give you the highest return. They simply don't. But, there's only four of us- that- that believe that story. Everyone else in the world believes that if you grow fast like China, you'll outperform in the stock market.

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

There is no single theory that is used in economics that considers the finite nature of resources. It's shocking.

The pure administration of Graham-and-Doddery really needs a long-term lock-up like Warren Buffett has, or it will have occasional quite dreadful client problems.

Equities are boring; bonds are disgusting.

If stocks are attractive and you don't buy, you don't just look like an idiot, you are an idiot.

At least us old men remember what a real bear market is like, and the young men haven't got a clue.