I don`t think I own any US stocks, if I do its very few, so few I can`t even remember.

Most successful investors, in fact, do nothing most of the time.

History shows that people who save and invest grown and prosper, and the others deteriorate and collapse.

They wouldn't be politicians if they knew what they were doing.

When things go wrong on a macroeconomic level, it's almost always this way. People find someone to blame, whether it's blacks, whites, Christians, Jews, Muslims-whoever.

Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whome have never looked at whether the facts support the received wisdom. It's a basic fact of life that many things "everybody knows" turn out to be wrong.

The Federal Reserve was not founded to bail out Bear Stearns or a few hedge funds. It was founded to keep a stable currency and maintain its value.