You can't borrow your way out of a debt crisis, whether you are a family or a nation.
Bitcoin is insurance against politicians.
The pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes.
Almost every financial blow-up is because of leverage.
The hardest thing in the world to understand is income tax.
Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.
Compound interest is the most powerful force in the universe.
Compound interest is the greatest mathematical discovery of all time.
When the facts change, I change my mind. What do you do, sir?
Governments are like primitive cannibals feasting on a great treasure trove of sheeple. You can't force them out, and you can't vote them out. But you can sure as hell starve them out. When enough people pick up and leave, essentially voting with their feet, it accelerates the system crash.
There are two kinds of investors, be they large or small: those who don't know where the market is headed, and those who don't know that they don't know. Then again, there is a third type of investor - the investment professional, who indeed knows that he or she doesn't know, but whose livelihood depends upon appearing to know.
There are no facts in politics, there's only perceptions: what people will believe.
You have to keep government spending as a fraction of our income. If you do that, you can stop worrying about the debt.
Contrary to most experts, including Bernanke, the more aggressive the Fed's policies are, the worse the economy is going to be. If all that is required to revive the economy is pushing more money, then all third-world economies would be very wealthy by now.
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