It's never paid to bet against America. We come through things, but its not always a smooth ride.

You know ... you keep doing the same things and you keep getting the same result over and over again.

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.

You can be sure that over the next 10 years, you'll see something that you did not think was possible.

Take Wrigley's Chewing Gum. I don't think the Internet is going to change how people chew gum.

Fear is the foe of the faddist, but the friend of the fundamentalist.

Managers thinking about accounting issues should never forget one of Abraham Lincoln's favorite riddles: How many legs does a dog have, if you call a tail a leg? The answer: Four, because calling a tail a leg doesn't make it a leg.