Always Associate Yourself With People Who Are

I Would Say The Biggest Single Cause Was We Had An Incredible Residential Real Estate Bubble.

Market Prices For Stocks Fluctuate At Great Amplitudes Around Intrinsic Value But, Over The Long Term, Intrinsic Value Is Virtually Always Reflected At Some Point In Market Price.

The First Rule Is Not To Lose. The Second Rule Is Not To Forget The First Rule.

It Is Better To Point Out Your Own Mistakes Than Have Somebody Else Do It.

Too Often, Executive Compensation In The U.s. Is Ridiculously Out Of Line With Performance. That Won't Change, Moreover, Because The Deck Is Stacked Against Investors When It Comes To The Ceo's Pay. The Upshot Is That A Mediocre-or-worse Ceo - Aided By His Handpicked Vp Of Human Relations And A Consultant From The Ever-accommodating Firm Of Ratchet, Ratchet And Bingo - All Too Often Receives Gobs Of Money From An Ill-designed Compensation Arrangement.