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.

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

Volatility is a symptom that people have no idea of the underlying value.

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

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.

I think I'm right-brained, incapable of managing my way out of a brown paper bag.