I think the basic problem is that everybody thinks they know what the truth is, and sometimes they're even distorting the truth to make their argumen….

The main reason I write the daily observations is because I want to know where I'm wrong. So lots of times if somebody points something out it helps ….

What I'm trying to say is that for the average investor, what I would encourage them to do is to understand there's inflation and growth - it can go ….

Pull in your belt, spend less, and reduce debt..

I pay about a third in taxes, I give away about a third, and I follow the law..

In order to get past disagreements, you just can't have one person with power decide. In other words, so just because I'm a boss, it would be terribl….

Demand is best measured in terms of spending. You know, I think in traditional economics, it's a mistake to measure it in terms of the quantity of go….

I'm just saying that if you understand how the economic machine works, it just works like a machine. There are cause-effect relationships..

The pain of problems is a call to find solutions rather than a reason for unhappiness and inaction, so it's silly, pointless, and harmful to be upset….

I think it is in the nature of individuals and individual entities not to self-correct..

In China anything less than 6% growth is a recession meaning that it also causes financial problems and it's disruptive and it's a problem..

We wouldn't be successful if we didn't have independent thinkers who can argue and then resolve their arguments..

If you don't own Gold, you know neither history nor economics..

When you think that it's too hard, remember that in the long run, doing the things that will make you successful is a lot easier than being unsuccess….

You'll see that excuses like "That's not easy" are of no value and that it pays to "push through it" at a pace you can handle. Like getting physicall….

What matters most is that the people you work with share your values..

When growth is slower than expected, stocks go down. When inflation is higher than expected, bonds go down. When inflation's lower than expected, bon….

Do not feel bad about your mistakes or those of others. Love them! Remember that one: they are to be expected; two: they're the first and most essent….

People who confuse what they wish were true with what is really true create distorted pictures of reality that make it impossible for them to make th….

Don't worry about looking good - worry about achieving your goals..

People who worry about looking good typically hide what they don't know and hide their weaknesses, so they never learn how to properly deal with them….