Americans are just about the worst at dealing with long-term problems, down there with Uzbekistan, but they respond to a market signal better than al….

Market timing, by the way, is a tag some buy-and-hold investors use to put down anything that involves using your brain. These are the same people wh….

The investment business has taught me – increasingly as the years have passed – that people, especially investors (and, I believe, Americans), prefer….

I find the parallels between how some investors refuse to recognise the trends and our reaction to some of our environmental challenges very powerful….

Volatility is a symptom that people have no idea of the underlying value..

Investment bubbles and high animal spirits do not materialize out of thin air. They need extremely favorable economic fundamentals together with free….

It is better to be lucky than good, but of course appropriate to aspire to both..

You don't get rewarded for taking risk; you get rewarded for buying cheap assets. And if the assets you bought got pushed up in price simply because ….

Remember that history always repeats itself. Every great bubble in history has broken. There are no exceptions..

The individual is far better-positioned to wait patiently for the right pitch while paying no regard to what others are doing, which is almost imposs….

Although value is a weak force in any single year, it becomes a monster over several years. Like gravity, it slowly wears down the opposition..

I would say that financial markets are very inefficient, and capable of extremes of being completely dysfunctional..

Profit margins are probably the most mean-reverting series in finance, and if profit margins do not mean-revert, then something has gone badly wrong ….

Ridiculous as our market volatility might seem to an intelligent Martian, it is our reality and everyone loves to trot out the 'quote' attributed to ….

The potential for alternative energy sources, mainly solar and wind power, to completely replace coal and gas for utility generation globally is, I t….

Everyone asks about gold. This is the irony: just as Jim Grant tells us (correctly) that we all have faith-based paper currencies backed by nothing, ….

Volatility is a symptom that people have no idea of the underlying value-that they have stopped playing the asset game. They're not buying because it….

I believe the only things that really matter in investing are the bubbles and the busts.

There is no single theory that is used in economics that considers the finite nature of resources. It's shocking..

You can't run the economy on BMWs alone. If the average person is in a pickle, how do you have a healthy economy?.

I hate gold. It does not pay a dividend, it has no value, and you can't work out what it should or shouldn't be worth," he said. "It is the last refu….