It would do very well in a tax-deferred account because you would avoid final reckoning until you cash out the tax-deferred account.

If you want to invest in a long-term Treasury security and you think inflation won't ever dip below 2 percent, this makes more sense than a nominal Treasury bond.

It isn't a market that has matured, but there is more interest. Given where inflation has been - I've seen it up 10 to 12 percent - this is a market that should do much better.

No company is far preferable to bad, because we are more apt to catch the vices of others than their virtues, as disease is more contagious than health.

The profoundly wise do not declaim against superficial knowledge in others, as much as the profoundly ignorant.

A man who knows the world will not only make the most of everything he does know, but of many things that he does not know; and will gain more credit by his adroit mode of hiding his ignorance than the pendant by his awkward attempt to exhibit his erudition.