The system is designed to be better than any individual. That's the whole point.
Markets are not efficient, but they are hard to beat. The way to beat them is not to think you are smarter than everyone else — it is to have better information processing.
I came to faith relatively late and it changed everything. Not just how I think about my personal life, but how I think about what I owe to other people and to society.
Short selling is not the villain of the piece. It is the mechanism by which overvalued stocks get corrected. Without it, markets overshoot badly in both directions.
Media plurality is not a luxury. It is essential to a functioning democracy. That is why I invest in it even when the returns are uncertain.
The biggest risk in running a fund is not a bad trade. It is a bad process. A bad process will eventually produce bad trades. A good process will self-correct.