I Wish It Grew On Trees, But

I Think You'll Do As Well As Most Professionals. Most Professionals Don't Beat The Market. Let's Not Over-rate My Industry. But If You Have Time, You Can Be In Good Mutual Funds That Have Good Records.

Funny, But After Trading For More Than 15 Years, I Still Am Capable Of Forgetting A Cardinal Rule: The Paper You Own, In The End, Will Be Intertwined With The Fate Of The 30-year Bond.

A Good Investor In This New World Knows To Always Expect The Unexpected.

There Are Tons Of People Who Are Late To Trends By Nature And Adopt A Trend After It's No Longer In Fashion. They Exist In Mutual Funds. They Exist In Clothes. They Exist In Cars. They Exist In Lifestyles.

We Are All Wrong So Often That It Amazes Me That We Can Have Any Conviction At All Over The Direction Of Things To Come. But We Must.