I have always been very diversified, so I have never suffered a catastrophic loss. I spread my money around the way a large institutional investor does. I use different brokerage firms. I manage some of my accounts myself...
We are not supposed to be all equal. Let’s just forget that. We are supposed to have equal rights under law. If we do that, we have done enough.
If we try to engineer outcomes, if we overturn tradition to make everyone the same, we ruin society. If we upset tradition to allow for an equal shot at the starting gate, everyone wins, except for the charlatans and would be dictators.
I have to tell you I never in my life anticipated getting this old, this fast. It seems as if I were 25 just a few days ago.
Screaming at children over their grades, especially to the point of the child’s tears, is child abuse, pure and simple. It’s not funny and it’s not good parenting. It is a crushing, scarring, disastrous experience for the child. It isn’t the least bit funny.
Somewhere there is a map of how it can be done.
People getting rich in a free society in general – with some scammy exceptions, which are rare – makes everyone else richer, too.
The people who did the collateralized mortgage obligations, sold them to pension funds, then sold them short, then bought credit default swap insurance on them, are just amazing. They are a law unto themselves.
My ‘thing’ is that I just lie in my immense bed and look out the window at the skyline over Virginia and the sky and the airplanes coming into Reagan. I really love doing that.
Life lived to help others is the only life that matters.
Every soul deserves a shot at a Cadillac, but not everyone should be guaranteed a Cadillac.
The banks are not lending, at least from what I see. They were so wild and reckless back in the good times that they got burned terribly.
The America that we knew as the smartest place on the planet is gone with the wind.
Israel being condemned by the EU, which 66 years ago watched with glee as its Jews were being mass murdered. That is pretty rich.
If you can’t stand the heat, don’t go to Cancun in the summer.
I love sleeping in a moving car more than sleeping in bed.
I don’t like the sound of all the lists he’s making.
As Beverly Hills becomes more Iranian-Jewish, it is becoming politically conservative.
If you want to fight the evil you see in finance and industry, get to work reading the corporate filings, see if there has been fraud, and where you find it, report it to the SEC or write about it or blog about it.
Yes, Americans can still get credit for cars and trucks and refrigerators, and those businesses are doing well. But just try to get a home loan now.
Happiness is being grateful for what you have and having an attitude of gratitude instead of an attitude of envy.