An ounce of prevention is worth a pound of cure understated.

Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.

Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.

I am a better investor because I am a businessman, and a better businessman because I am no investor.

In economics, you always want to ask 'And then what?'

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

With enough insider information and a million dollars, you can go broke in a year.