One might be aware of the mountain ranges of scholarship throwing a long deep shadow over any novice gamboling in the foothills…

In the absence of certainty…perceptions count as much for hard evidence…

Inevitably there will be positive economic outcome when three engines: consumption, investment, and exports fire simultaneously...

To complicate things, the answer to the staying–power question changes with the seasons...

Why does our intellectual infrastructure appear less adept at dealing with new threats?

Our aim should be to create an intellectual framework
to make informed financial decisions... and resist emotional temptations.

The dollar has an "exorbitant privilege" that is not only our currency but the worlds... 60%.

The bank for international settlements showed that the dollar is used in 85% of all foreign exchange transactions worldwide...

We must recognize that the reduction of current account imbalances is a necessary condition for a non-protectionist trading system...

The crisis was neither the beginning of a depression nor the end of capitalism...

Let’s call it "interest rate normalization" instead of rising interest rates...

The only barrier to truth is the presupposition that I think I know what truth is...

Certain individuals armed with a little information or the wrong information or even incomplete data are and will be dangerous...

We live in a non-linear world...

Financially and economically we should always know the state of our flocks...

We are not trained to save... Rather we are pre-conditioned to saving in reverse... through installment purchase.

The success or failure of any savings plan is not contingent upon the interest or investment rate earned …but rather upon the systematic methodology of the deposits.

Money by itself is not entitled to a profit. It’s only entitled to a wage…a wage called interest.

Most people don’t get excited about death…particularly when you are talking about theirs.

No one really expects to die tomorrow! …Do you?

Most people don’t object to life insurance. They just object to paying premiums.

Most people purchase life insurance because of selfish reasons and fear…rather than because of love motives.

Most people think more about creating an estate than conserving an estate.

Most people are more interested in the accumulation of capital than in the transfer of capital.

Most people are cash poor as well as equity poor!

Life Insurance may be a lousy investment, but an excellent asset.

You must first have capital before you can make an investment.

Americans are the most undisciplined savers in the world. A fact: Our own government won’t even trust us one year for income taxes.

We aren’t trained to save…rather we are pre-conditioned to saving in reverse through installment purchase.

We are great earners, but lousy accumulators.

We all have one common problem…other than death. That is: ending up broke!

Why is it that the only property people relate to death is life insurance? Not real estate…not securities…and not business interest.

When anyone invites you into their home or business, knowing full well what you do, they are saying, “I want to buy some life insurance…but they won’t make it easy. It’s up to you to find out why.

The success or failure of any savings plan is not contingent upon the interest or investment rate earned — but rather upon the systematic methodology of the deposits.

The success or failure of any savings plan is not contingent upon the interest or investment rate earned …but rather upon the systematic methodology of the deposits.

You can earn a reasonable rate of return on some of your money some of the time, but not on all of your money all of the time. Example: What are you earning on your unborrowed money?

Money by itself is not entitled to a profit — it’s only entitled to a wage…a wage called interest.

Albert Einstein called compound interest the eighth wonder of the world. Today, I would ask the professor if that was before or after taxes.

The Euro-zone needs structural reform — fiscal and political union. Financial integration without political integration is a conundrum.

If the Euro-Zone fails, an enormous economic recession would follow as would an enormous destabilization of Europe with uncertain consequences.

A system where I borrow and you repay is a prescription for profligacy.

Restore complexity. Today we live in a world of intellectual laziness known as postmodernism. There is no easy answer. Einstein once said, “Everything should be made as simple as possible, but not simpler.”

New FOMC normalization and interest rate equilibrium may be 3%-3.5% from 5.25% -6.5%.

Knowledge has become a commodity — one must have insight and imagination.

A good servant doesn’t respond to the need—they anticipate the need.

Isn’t it ironic that the business you want to leave your family is the very same business you can’t afford to leave, even for a few days?

An ‘employee’ benefit plan? Is that what you really want? Don’t you really want an ‘employer’ benefit plan, a discriminatory plan, what I call a HOG Plan?

Why not pre-convert your group term insurance now…so you won’t have to pay a premium based on age 65?

Isn’t it better to syphon off some of your money into a safety account now, so you will be able to have it at a guaranteed rate of interest later?

If you think education is expensive…try ignorance.

How about a xerographic will?

Use life insurance to offset your fixed dollar commitments. Example: your mortgage payment doesn’t increase in cost…just the value of the property. The payment remains fixed.

Keep pace with inflation by dollar averaging your premium outlay. If you put 10 or 15 % of income into premiums, you will always keep pace.

Here’s an exciting opportunity: You can pay an ever increasing premium, even to age 100…that’s term insurance! Why don’t you pay the term premium cost — and let your corporation handle the permanent portion ( split dollar).

If you had improved real estate producing as much income as you earn, what would you insure it for? 100%? 80% or at least 70% to value? An example: For annual earnings of $100,000 it takes $2,000,000 at 5%. How much are you insured for?

“A pocketful of good intentions won’t comfort you at night” said Karen Carpenter in her song “I Know I Need to Be in Love.” Neither will a pocketful of good intentions comfort you when you need cash!

You may be socially acceptable but will you be financially acceptable?

Isn’t it amazing that the creator of all property value isn’t adequately insured? Why do you think that is?

While you live — it’s life insurance! 
When you die — it’s death insurance!

While you live, it’s capital accumulation. 
When you die, it’s capital conservation.

Remember, life insurance doesn’t create problems, it solves them. Permanent insurance costs less each year, if you buy it now, but costs more each year when you put off buying it.