Don't Worry About Looking Good

When You're Faced With A Choice, You Have One Of Three Choices That You Can Have. You Can Have Those With Power Decide. You Can Have One Man, One Vote. Or You Can Have Believability-weighted Decision-making.

I Have Been Very Lucky Because I Have Had The Opportunity To See What It's Like To Have Little Or No Money And What It's Like To Have A Lot Of It. I'm Lucky Because People Make Such A Big Deal Of It And, If I Didn't Experience Both, I Wouldn't Be Able To Know How Important It Really Is For Me. I Can't Comment On What Having A Lot Of Money Means To Others, But I Do Know That For Me, Having A Lot More Money Isn't A Lot Better Than Having Enough To Cover The Basics.

The Biggest Mistake Investors Make Is To Believe That What Happened In The Recent Past Is Likely To Persist. They Assume That Something That Was A Good Investment In The Recent Past Is Still A Good Investment. Typically, High Past Returns Simply Imply That An Asset Has Become More Expensive And Is A Poorer, Not Better, Investment.

Some People Seek To Understand, And Some People Seek To Portray What They Want To Portray.

There Are Two Main Drivers Of Asset Class Returns - Inflation And Growth.