Bubbles have less to do with rising valuations and more to do with shrinking time horizons among people playing a different game than you are.
The best time to plant a tree was twenty years ago. The second best time is now.
Teachers all over the country are victimized every day by a system designed to feed financial predators their own form of live bait.
Groceries are a fundamentally different problem that need a fundamentally different solution; what is so brilliant about this deal, though, is that it solves the problem in a fundamentally Amazonian way.
Prices got so crazy in small caps, I fired myself
Fast and accurate information processing doesn’t drive asset prices. Supply and demand do.
Far too many fund firms are better at selling themselves and crafting good stories than following through with actual substance
Time slows down when you underperform.
Anything except third-party mutual funds.
Compaq was the fastest company in history to reach a billion dollars in revenue and it doesn’t exist anymore.
Fixing what isn’t working doesn’t help you grow nearly as fast as improving what is working.
The way people follow politics is no different than the way people follow the NBA.
Can you imagine if basketball had the same population density as golf?
If the data don’t support the theory, the data are wrong.
To Sammy, Pastor Daryl, and others, Larraine was poor because she threw money away. But the reverse was more true. Larraine threw money away because she was poor.