I Knew A Lot About

Forecasts May Tell You A Great Deal About The Forecaster; They Tell You Nothing About The Future.

Unless Your Answers Are Clearly Better, Copy The Answers Of Your Betters.

There's Always A Mismatch. I Mean, You Know, As The Economy Evolves, It Reallocates Resources. Now, The Real Problem, In My View, Is - This Has Been - The Prosperity Has Been Unbelievable For The Extremely Rich People. If You Go To 1982, When Forbes Put On Their First 400 List, Those People Had $93 Billion. They Now They Have $2.4 Trillion, 25 For One. That Is - This Has Been A Prosperity That's Been Disproportionately Rewarding To The People On Top.

We're Perfectly Willing To Trade Away A Big Payoff For A Certain Payoff.

A Pin Lies In Wait For Every Bubble And When The Two Eventually Meet, A New Wave Of Investors Learns Some Very Old Lessons.