Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.

Cultivate curiosity and strive to become a little wiser every day.

What motivates most gold purchasers is their belief that the ranks of the fearful will grow ... As 'bandwagon' investors join any party, they create their own truth - for a while.

All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.

I would say that an RFC-like thing might make sense. I probably would do it myself. But I don't think trying to combine that with what's going through now, I think what is needed now is liquidity.

If you are a professional and have confidence, then I would advocate lots of concentration.

It is to our advantage to have securities do nothing price-wise for months, or perhaps years, while we are buying them.