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.

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

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

Some societies are also more optimistic than others: the U.S. and Australia are my two picks Tell a European you think there’s a housing bubble and you’ll have a reasonable discussion. Tell an Australian and you’ll have World War III. Been there, done that!

The world is using up its natural resources at an alarming rate, and this has caused a permanent shift in their value. We all need to adjust our behavior to this new environment. It would help if we did it quickly.

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

You can't run the economy on BMWs alone. If the average person is in a pickle, how do you have a healthy economy?