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    Today is a... digital incarnation of Oz - the Internet - we are a motley group of fools from lions to scarecrows, learning from each other, making and taking responsibility for our decisions, and having fun as we skip down the yellow brick road of investing together!

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Every day I get up and look through the Forbes list of the richest people in America. If I'm not read more

Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work.

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Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements read more

Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.

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Most important for us is a good spiritual relationship between employees and management.

Most important for us is a good spiritual relationship between employees and management.

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As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed and stigmatized as unscientific.

As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed and stigmatized as unscientific.

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It's the economy, stupid.

It's the economy, stupid.

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The question is, then, do we try to make things easy on ourselves or do we try to make things read more

The question is, then, do we try to make things easy on ourselves or do we try to make things easy on our customers, whoever they may be?.

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Hire the best. Pay them fairly. Communicate frequently. Provide challenges and rewards. Believe in them. Get out of their way read more

Hire the best. Pay them fairly. Communicate frequently. Provide challenges and rewards. Believe in them. Get out of their way and they'll knock your socks off.

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Frankly, I don't want to see a rapid upturn. I want it to hold until some of these idiotic competitors read more

Frankly, I don't want to see a rapid upturn. I want it to hold until some of these idiotic competitors go bust.

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It is your mind that matters economically, as much or more than your mouth or hands. In the long run, read more

It is your mind that matters economically, as much or more than your mouth or hands. In the long run, the most important economic effect of population size and growth is the contribution of additional people to our stock of useful knowledge. And this contribution is large enough in the long run to overcome all the costs of population growth.

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