It's never paid to bet against America.
I can't promise results, but I can promise a common destiny.
Interest rates are to asset prices what gravity is to the apple. When there are low interest rates, there is a very low gravitational pull on asset prices.
Calculate "owner earnings" to get a true reflection of value.
Diversification is protection against ignorance. It makes little sense if you know what you are doing.
A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don't need to own very many of them.