People who lie to themselves about investing are the same as overweight people who blame their genes for their obesity.
Most people have the opportunity of a lifetime flash right in front of them, and they fail to see it. A year later, they find out about it, after everyone else got rich.
Israel will not tolerate Iran developing nuclear power, even if Iran claims it is for peaceful purposes. If there is an attack, oil prices will go through the roof.
Sometimes the hardest thing to do is to trust your team. It's a lesson I've had to relearn quite a few times.
At the height of the Enron mania, the company's market value was $65 billion. Once the dust cleared, the final value was $0.
I do know that throughout history, all paper money has eventually come back to its true value, which is zero.
A lot of people are afraid to tell the truth, to say no. That's where toughness comes into play. Toughness is not being a bully. It's having backbone.
The thing most people don't pick up when they become an entrepreneur is that it never ends. It's 24/7.
Demographics show that we are entering a battle between young and old. I call it the 'Age War.' The young want to hang onto their money to grow their families, businesses, and wealth. The old want the tax and investment dollars of the young to sustain their old age.
Start a part-time business and make as many mistakes as you possibly can while you still have your daytime job.
Whole new businesses will emerge around breakthrough products as revolutionary technologies accelerate capitalism's creative destruction of slower industries.
If you have faith in our leaders of commerce, don't buy gold. If you do not have faith in them, maybe you should buy gold or silver.
I know the Federal Reserve Bank can continue to print more and more money... but city and state governments cannot.
When President Obama speaks about raising taxes on the rich, he speaks about high-income employees and small business owners, not entrepreneurs who build big businesses.
Silver is used in the electronics industry and is consumed daily; stock piles of silver are dwindling.
You do not have to be a rocket scientist to know that it is hard for a market to keep going up when more and more people are getting out.
When you think about it, three of our biggest financial decisions in life are made at times of peak emotional excitement: deciding to get married, buying a home, and having kids.
Any time an investment company has to spend heavily on advertising, it's probably a bad business in which to invest.
I have had a 'real' job for only four years of my life, which means I only collected a traditional paycheck for that very short period of time.
If you want to know why the towers of American capitalism are crumbling, I recommend reading 'The Creature from Jekyll Island' by G. Edward Griffin.
Most of us are aware of the sacrificial slaughter of Bear Sterns. Some people call it a bailout, but I call it a handout - a government handout to some of the richest people on Earth, paid for by American taxpayers.
As capitalism falters, the rich move their money out of the country, violence increases, and politicians promising prosperity are elected.
Prophets of doom have always taken risks in terms of ridicule and humiliation. If you stand on a street corner holding up a sign that reads 'The End Is Near,' passersby will laugh and heckle. People will say you're like Chicken Little, running around telling people the sky is falling.
Regardless of what our national credit rating is, people will always want a roof over their heads, food on their tables, fuel for their cars, and clothes on their backs.
It costs governments money to keep fuel prices low. Oil-rich Yemen, for instance, devotes 9 percent of its GDP to making sure its people don't riot when oil prices rise.
Fuel prices are at the center of our lives. They affect our ability to travel, stay warm, and feed ourselves.
Something's very wrong with a nation that would rather spend money on war than take care of its children.