As long as you are lucky, you will have many friends; if cloudy times appear, you will be alone. -Donec eris felix, multos numerabis amicos; tempora si fuerint nubila, solus eris
The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion.
Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market movements, inadequate diversification, the payment of high and unnecessary fees to managers and advisors, and the use of borrowed money can destroy the decent returns that a life-long owner of equities would otherwise enjoy. Indeed, borrowed money has no place in the investor's tool kit.
We are all born idolaters, and idolatry is good, because it is in the nature of man. Who can get beyond it? Only the perfect man, the God-man. The rest are all idolaters. So long as we see this universe before us, with its forms and shapes, we are all idolaters. This is a gigantic symbol we are worshipping. He who says he is the body is a born idolater.
I don't think anyone can predict what the short term will look like. In the long term, it will be a Syria without Bashar Assad. The longer it takes, the worse it will get.
Walking helps me a lot to feel alive, and I do this every single day, my wife and I. We have long conversations about nature, and we also walk silently, just contemplating.
Fidel Castro just talked a long time, and he talked and he talked and he talked and he talked... and he talked during the meeting. I think it was about four hours. But I guess that's part of the Castro spirit.