When someone pukes up a stock, it's not hard to miss. Mispriced securities all over the table. And we are there with a barf bag, collecting all we ca… - Andy Kessler

Economists may insist we are running a trade deficit, but in reality, we are running a margin surplus.

A product lowers the cost of doing something and eventually, customers will figure this out and buy the stuff in big volume, but they're not going to buy yet. You've got to have real conviction to step up and own this kind of company-you're staring over the edge of the waterfall, not sure when the growth is going to start.

You can't ever forget how precarious and humbling running money really is.