Diary of a Hedgehog: Biggs' Final Words on the Markets -- Copyright -- A Personal Message to Readers -- In Memoriam -- Contents -- Acknowledgments -- Introduction -- Mid-2010 -- FDR's Fiscal Policy Redux -- Staying Close to the Shore -- Stay Long but Watch the Ticks -- This Is No Time to Get Wobbly, George! -- Make No Mistake: More QE Is Big Stuff -- The Best and the Brightest Are Still Licking Their Wounds -- Nobody Can See His Own Backswing -- Fire and Ice -- Miss at Least One Meeting a Day -- Stick to Your Guns -- Stage Two of a Cyclical Bull Market -- The First Word in Analyst Is Anal -- 2011 -- Be Long Term but Watch the Ticks -- Shake Well Before Using -- Fancy Dinner and Candlelight -- Stevie Cohen Tells a Good Story -- The Canary in the Coal Mine? -- Still Hanging in There -- The Market Is a Discounting Mechanism -- The Madness of Crowds -- Earthquakes and Equities -- The Riddle of Japan -- Start Buying the Dips -- Babbling Away -- Swensen and Yale -- The "Atlantic Crisis" -- Turn Off Your Bloomberg and Tune Out the Babel -- The New Face of China -- Harvesting the "Grapes of Our Own Wrath" -- No More Water, the Fire Next Time -- The Valley of Death -- Lest We Forget -- "If You're Going through Hell, Keep Going!" -- Begin Thinking about Buying -- Agnostic Optimist -- My Bet Is that the Rally Is Still a Work in Process -- The Truth Will Set You Free but Chardonnay Isn't Bad Either -- Investing in a World Lit Only by Fire -- Private Equity -- Another Tsunami -- 2012 -- A Tough Call -- No Bull -- The Elderly Kid Goes to a Tech Conference -- Positive Change at the Margin Continues -- Simpson Bowles Forever -- Shake Well Before Using -- This Business Is Getting More Complicated -- Conclusion.