The pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes.
Keep your eye on how much the government is spending, because that is the true tax.
By this means government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.
If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry.
While leverage is not directly responsible for every financial disaster, it usually can be found near the scene of the crime.
When goods don’t cross borders, soldiers will.
Economic history is a long record of Government policies that failed because they were designed with a bold disregard for the laws of economics.
If a company gambles on leverage, it'll probably go bankrupt on leverage.
The longer the boom of inflationary bank credit continues, the greater the scope of malinvestments in capital goods, and the greater the need for liquidation of these unsound investments. When the credit expansion stops, reverses, or even significantly slows down, the malinvestments are revealed.
A leveraged portfolio forces you to act irrationally when markets are irrational, as opposed to acting rationally when markets are irrational.
Economists are pessimists: they've predicted 8 of the last 3 depressions.
Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.
Want to learn more about bitcoin and cryptocurrency? Read a free bitcoin course.
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