Quotes of the day

Of course, if a scholar or commentator makes claims about what financial markets are going to do - or offers general advice about prudent investing - I think it's entirely appropriate to ask them about the content of their investment portfolios. "But... that would be a tax upon hypocrisy!" Precisely.--Bryan Caplan

The problem with Jim Cramer is the problem with the Jonas Brothers: what he does simply isn't much good, for all that people seemingly have a large appetite to consume it. ... this is a minor sideshow. Going after Jim Cramer is like trying to fix your marriage by getting new drapes.--Megan McArdle