It's fun to play around... it's human nature to try to select the right horse... But for the average person, I'm more of an indexer... The predictability is so high... For 10, 15, 20 years you'll be in the 85th percentile of performance. Why would you screw it up?

The man who does not work for the love of work but only for money is not likely to make money nor find much fun in life.

Nobody wants to be passive; indexing is not passive - much more goes into indexing than watching a stock become the next buggy whip.

I was once ask if a big business man ever reached his objective. I replied that if a man ever reached his objective he was not a big business man.

Kindness is more powerful than compulsion.

I consider my ability to arouse enthusiasm among men the greatest asset I possess. The way to develop the best that is in a man is by appreciation and encouragement.

The nasty little secret was that I couldn't read worth a darn. In my case, I still read very slowly to this moment.