Inflation could be a very - is a likely consequence out of what's going on now.
Derivatives are like sex. It's not who we're sleeping with, it's who they're sleeping with that's the problem.
Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life.
Never ask a barber if you need a haircut.
Paradoxically, when 'dumb' money acknowledges its limitations, it ceases to be dumb.
I mean, if Pearl Harbor came along, you could have said the planning was wrong by the military ahead of time or maybe the battleships shouldn't have all been in the harbor and all that kind of thing.