I have always been very diversified, so I have never suffered a catastrophic loss. I spread my money around the way a large institutional investor does. I use different brokerage firms. I manage some of my accounts myself.
Ben SteinI don't think Wall Street people in general are smart. I think that's one of the biggest myths in American lore. They're tough, aggressive, greedy, quick thinking but I don't think they're particularly smart at all.
Ben SteinThere is no sudden leap into the stratosphere... There is only advancing step by step, slowly and tortuously, up the pyramid toward your goals.
Ben Stein