Only when you combine sound intellect with emotional discipline do you get rational behavior.

I have never been able to understand why the tax comes as such a body blow to many people since the rate on long-term capital gain is lower than on most likes of endeavor (tax policy indicated digging ditches is regarded as socially less desirable than shuffling stock certificates).

An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities - at full prices they couldn't buy enough of them. In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks.

The nature of democracy is such that when there's - there'll be revulsion, obviously, towards - that's never going to happen again.

A Company should be viewed as an unfolding movie, not as a still photograph

If you want a government that's going to do the things we ask our government to do, you've got to get it from somebody.

Of our 49 billion, we haven't moved any to Bitcoin