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.
I've actually taken companies public, I've actually busted companies, I've actually gone broke.
I did have two dads; one was a socialist, and one was a capitalist. I really decided I would rather be a capitalist.
A true capitalist doesn't have a job, because other people and other people's money work for them.
From 1945 to 1974, the Western world - including America - was more socialistic than capitalistic, more pro-labor than pro-business.
Socialists tend to want to pay people more money to do less work, and capitalists tend to want to provide better products at better prices.
The environmentalists say capitalism is killing our oceans, air, land, and forests. Capitalists argue that they provide food, fuel, and building materials for a growing world.
For something to collapse, not all systems have to shut down. In most cases, just one system is enough. For example, the human body is a system of systems. If just one system, such as the cardiovascular system, shuts down, death follows.
My family wasn't rich, so when it comes to money, I tend to think, 'Err on the side of caution.'
Ken Lay, the disgraced former chairman of Enron, found a way to escape his legal problems: He died after being convicted of fraud and conspiracy charges.
While the Chinese people, as a rule, are good people, my business dealings with Communist Chinese officials have left me disturbed and concerned about the rise of the Chinese Empire.
In the simplest terms, inflation occurs when there's too much money in the system. On the flip side, deflation occurs when there are too few dollars in circulation.
The average age of the world's greatest civilizations from the beginning of history has been about 200 years.
At the height of the Enron mania, the company's market value was $65 billion. Once the dust cleared, the final value was $0.
People clinging to job security, savings, retirement plans, and other relics will be the ones financially-ravaged from 2010-2020, the most volatile world-changing decade in history.
Jobs are a centuries-old concept created during the Industrial Revolution. Despite the reality that we're now deep in the Information Age, many people are studying for, or working at, or clinging to the Industrial Age idea of a safe, secure job.
Many gold and silver experts will recommend you buy numismatic coins - rare and old coins. If you are not a rare coin expert, I'd encourage you to stay away from them. New investors often pay too much for rare coins that are not really rare.
The Spanish Empire eventually collapsed because of its expensive taste for warfare and conquest.
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.
When you combine boring with fear, you have fun.
