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...Sort of like the '60s and '70s, when the stock market really went nowhere. Is that what we might be headed for longer term? Yes, exactly. That bull market really peaked in 1965 or 1966 and then it churned back and forth - and inflation ravaged it, even though the nominal prices didn't collapse as much. But the Dow Jones average didn't set a new high until...

Author: /time Magazine | Title: Why an Investment Guru Is Bullish on Recovery | 8/13/2009 | See Source »

...gold is not an important part of your portfolio? I've never understood gold and why you would want to own an asset that has no income return and actually costs you money to own and store. I sort of agree with what [Warren] Buffett said, about how he never understood why they send a bunch of men 5,000 feet under the ground in Africa to bring out this metal, and then they ship it all across the world and it's buried 1,000 feet underground at the Bank of England and the U.S. Treasury. There is something...

Author: /time Magazine | Title: Why an Investment Guru Is Bullish on Recovery | 8/13/2009 | See Source »

...sensible answer for the Big Bang unless you move over into the religious side and say, "Well, it began because God began it." That's why quite a lot of scientists are nervous about the Big Bang. They quite prefer having something that doesn't require somebody sort of poking a finger in and saying, "Now it's starting." (See the top 10 scientific discoveries...

Author: /time Magazine | Title: What Came Before the Big Bang? | 8/13/2009 | See Source »

...that chapter was the one about time. I wrote another book awhile ago about infinity, and they both have the same sort of effect. When you start thinking about what time is, you can get in a bit of state where you think, "Hey, I'm losing it here," - because you cannot think outside of time. Time is part of how we experience the universe. Trying to think of before there was time, well, you're already in trouble because you're thinking "before," which is a way of measuring time. It's very easy to get yourself into...

Author: /time Magazine | Title: What Came Before the Big Bang? | 8/13/2009 | See Source »

...there anything in Cheez Whiz or powdered cheese that is actually cheese? No, none of that is cheese. It's primarily made out of vegetable oil. Real cheese is made out of three things: milk, salt and some sort of coagulant, which will be listed either as enzymes or rennet on the label. You can add flavoring such as dill or pepper or nuts. Aside from that, cheese has three ingredients and only three ingredients...

Author: /time Magazine | Title: The Cheese Expert | 8/13/2009 | See Source »

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