As more money flowed through Washington and as Washington's power to regulate our lives grew, opportunities and temptations for graft, influence peddling and cutting corners grew exponentially. Power breeds corruption.

There's no human censorship at kiosks.

Contrary to the cliche', genuinely nice guys most often finish first or very near it.

You make more money selling advice than following it. It's one of the things we count on in the magazine business -- along with the short memory of our readers.

The Chinese government is quickly losing its ideological legitimacy, maintain its rule with force, but cannot draw strength from the ideology of Marx and Mao.

One thing on psychology, which we've always known, is that every investor says they're long-term - and they are until the market takes a hit.

The tax code is a monstrosity and there's only one thing to do with it. Scrap it, kill it, drive a stake through its heart, bury it and hope it never rises again to terrorize the American people.