Some people seek to understand, and some people seek to portray what they want to portray.

An economy is not a complicated thing; it just has a lot of moving parts.

Over the long run, the price of gold approximates the total amount of money in circulation divided by the size of the gold stock. If the market price of gold moves a long way from this level, it may indicate a buying or selling opportunity.

Everyone has to decide for themselves what works for them and their organization.

We don't have ways of resolving the arguments in idea meritocratic way.

In return, society rewards those who give it what it wants. That is why how much money people have earned is a rough measure of how much they gave society what it wanted.

The biggest mistake investors make is to believe that what happened in the recent past is likely to persist. They assume that something that was a good investment in the recent past is still a good investment. Typically, high past returns simply imply that an asset has become more expensive and is a poorer, not better, investment.