Contrary to what many skeptics had earlier believed, the Soviet economy is proof that a socialist command economy can function and even thrive.

Sooner or later the Internet will become profitable. It's an old story played before by canals, railroads and automobiles.

It is not easy to get rich in Las Vegas, at Churchill Downs, or at the local Merrill Lynch office.

Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.

What counts is results, and there can be no doubt that the Soviet planning system has been a powerful engine for economic growth...The Soviet model has surely demonstrated that a command economy is capable of mobilizing resources for rapid growth.

An intriguing paradox of the 1990s is that it isn't called a decade of greed.

I'm not sure most of the people that get caught up in the middle of a bubble can be described as irrational. It seems pretty rational to buy a house and flip it in the next few weeks at a profit when that's been happening for along time.