I was born and raised in a suburb of Paris by a working-class family.
Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt.
Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whome have never looked at whether the facts support the received wisdom. It's a basic fact of life that many things "everybody knows" turn out to be wrong.
Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows.
If everyone thinks one way, it is likely to be wrong. If you can figure out that it is wrong, you are likely to make a lot of money.
One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I wait for a situation that is like the proverbial shooting fish in a barrel.
Buy low and sell high. It's pretty simple. The problem is knowing what's low and what's high.
Or maybe crying is like everything else we do- it's best if you don't get caught.
I have a congenital aversion to failure.
The shocking truth about prosperity is that it is shockingly right instead of shockingly wrong for you to be prosperous. Please note that the word 'rich' means having an abundance of good or living a fuller, more satisfying life. Indeed, you are prosperous to the degree that you are experiencing peace, health, happiness and plenty in your world. There are honorable methods that can carry you quickly toward that goal. It is easier to accomplish than you may now think. That, too, is the shocking truth about prosperity.
The meek may one day inherit the earth, but not the headlines.