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One thing on psychology, which we've always known, is that every investor says they're long-term - and they are until the market takes a hit.

Steve Forbes

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Steve Forbes
Age: 77
Born: 1947
Born: July 18
Businessperson
Editor-In-Chief
Film Editor
Journalist
Politician
Publisher
Morristown
NJ
Malcolm Stevenson Forbes Jr.
Long
Psychology
Always
Market
Says
Takes
Term
Known
Thing
Investor
Every
Investors

More quotes by Steve Forbes

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The Chinese government is quickly losing its ideological legitimacy, maintain its rule with force, but cannot draw strength from the ideology of Marx and Mao.
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Obviously, things can get derailed, particularly if, which looks more and more likely, you get a blow-up between Israel and Iran. I think that's a very real probability now. But barring some real blow-up, the U.S. economy will grow, after a slow first quarter, about 3, 3.5 percent this year, far better than it was in 2011.
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The tax code is a monstrosity and there's only one thing to do with it. Scrap it, kill it, drive a stake through its heart, bury it and hope it never rises again to terrorize the American people.
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The real cure for what ails our health care system today is less government and more freedom.
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Today, the US spends less on defense as a percentage of our economy than we did at any time since he Japanese attack on Pearl Harbor. For the world's only superpower, that is an invitation to very serious trouble.
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Start by scrapping the tax code. Don't fiddle with it. Junk it. Throw it out. Bury it. Replace it with a pro-growth, pro-family tax cut that lowers tax rates to 17% across the board and expands exemptions for individuals and children so that a family of four would pay no taxes on the first $36,000 of income.
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The words, 'penalty,' 'restrict' and 'violate' appeared more times in President Clinton's health care reform bill than in his crime bill.
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As more money flowed through Washington and as Washington's power to regulate our lives grew, opportunities and temptations for graft, influence peddling and cutting corners grew exponentially. Power breeds corruption.
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What you do as president has consequences.
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Over time, there's a very close correlation between what happens to the dollar and what happens to the price of oil. When the dollar gets week, the price of oil, which, as you know, and other commodities are denominated in dollars, they go up. We saw it in the '70s, when the dollar was savagely weakened.
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It can't help but knock things down.
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The most laughable White House criticism is that tax cuts are a 'free lunch.' The American people's work created that money. Only in Washington could there be a belief that letting people keep more of what they create is a giveaway.
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No more turning a blind eye to Chinese spies in our nuclear labs. No more keeping silent about Chinese slave labor camps.
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The flat tax would be so simple, you could fill it out on a post card. A post card that would say, in effect, having a wonderful time glad most of my money is here.
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You make more money selling advice than following it. It's one of the things we count on in the magazine business -- along with the short memory of our readers.
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There's plenty of juice to keep this economy going.
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The Declaration of Independence, the words that launched our nation -- 1,300 words. The Bible, the word of God -- 773,000 words. The Tax Code, the words of politicians -- 7,000,000 words -- and growing!
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Your brand is the single most important investment you can make in your business
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Contrary to the cliche', genuinely nice guys most often finish first or very near it.
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A promise made should be a promise kept.
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