The big question is: When will the term structure of interest rates change? That's the question to be worried about.

The big question is: When will the term structure of interest rates change? That's the question to be worried about.

The more you think you know, the more closed-minded you'll be.

Some people who are creative are not reliable and vice versa; some see big pictures while others see details, etc. All of them are important to have on well-orchestrated teams.

Meditation gives you two things: equanimity and creativity. And it does that by taking one from their conscious mind, where there's all that noise and chaos and so on, into the subconscious mind where there's quiet and where creativity emanates from. You have a mantra, and when you repeat it over and over again, all those thoughts go away because you shift them to that mantra. And then eventually that sound disappears, and then you're left not conscious or unconscious - you're left in this subconscious state, and by opening that up, first of all you get control of it.

There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful deleveraging.

Distinguish open-minded people from closed-minded people. Open-minded people seek to learn by asking questions; they realize that what they know is little in relation to what there is to know and recognize that they might be wrong. Closed-minded people always tell you what they know, even if they know hardly anything about the subject being discussed. They are typically made uncomfortable by being around those who know a lot more about a subject, unlike open-minded people who are thrilled by such company.