More investment sins are probably committed by otherwise quite intelligent people because of "tax considerations" than from any other cause. One of my friends-a noted West Coast philosopher-maintains that a majority of life's errors are caused by forgetting what one is really trying to do. This is certainly the case when an emotionally supercharged element like taxes enters the picture (I have another friend-a noted East Coast philosopher who says it isn't the lack of representation he minds-it's the taxation).

In the insurance business, there is no statute of limitation on stupidity.

A newspaper that reduces its coverage of the news important to its community is certain to reduce its readership as well

You get what I call the natural progression, the three Is. The innovators, the imitators, and the idiots.

I’ve never believed in risking what my family and friends have and need in order to pursue what they don’t have and don’t need.

Focus on return on equity, not earnings per share.

Learning how to live is much more important than learning how to make a living.