We live on a finite planet. We have finite resources, and we're running out of good, arable land..

At least us old men remember what a real bear market is like, and the young men haven't got a clue..

You don't actually find a strong correlation between- top-line GDP growth and making money in the market. It- it seems like you should. The fastest-g….

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….

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

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

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..

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

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….

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, ….

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

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

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….

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

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

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