I always choose my movie because of a director and a story and a, a character.
I hate gold. It does not pay a dividend, it has no value, and you can't work out what it should or shouldn't be worth," he said. "It is the last refuge of the desperate.
Investment bubbles and high animal spirits do not materialize out of thin air. They need extremely favorable economic fundamentals together with free and easy, cheap credit, and they need it for at least two or three years. Importantly, they also need serial pleasant surprises in such critical variables as global GNP growth.
Remember that history always repeats itself. Every great bubble in history has broken. There are no exceptions.
Market timing, by the way, is a tag some buy-and-hold investors use to put down anything that involves using your brain. These are the same people who like to watch the locomotive coming and get run down in the name of discipline.
I believe the only things that really matter in investing are the bubbles and the busts
Everyone asks about gold. This is the irony: just as Jim Grant tells us (correctly) that we all have faith-based paper currencies backed by nothing, it is equally fair to say that gold is a faith-based metal. It pays no dividend, cannot be eaten, and is mostly used for nothing more useful than jewelry. I would say that anything of which 75% sits idly and expensively in bank vaults is, as a measure of value, only one step up from the Polynesian islands that attached value to certain well-known large rocks that were traded.
I have no opposition at all to technology. I think technology is a wonderful thing that has to be used thoughtfully, and we can't just assume that every bit of new technology improvesthe quality of life; it's really in how the technology is used. What I am very disturbed about is this trend of everything happening faster and faster and faster and there being more and more general noise in the world, and less and less time for quiet reflection on who we are, and where we're going.
In each of us lies sleeping beauty, wasted potential, dying dreams. We sleep and live in dormant twilight, never knowing what it means to live, to love the bits of heaven that we can unearth deep in our hearts; not recognizing that our salvation is ever-present in those parts that we have disowned, denied, forgotten. The thorns of fear thwart faint attempt. The prince is courage, the kiss believing and then with these our life begins.
I have found the Iron to be my greatest friend. It never freaks out on me, never runs. Friends may come and go. But two hundred pounds is always two hundred pounds
I've always loved being at the eye of the storm creatively with people that I find exciting and glamorous. So sometimes I got sidetracked in my career and maybe I would have done more TV or film.