Many times I can see a solution to something differently and quicker than other people. I see the end zone and say 'This is where I want to go.'

Most of the mutual fund investments I have are index funds, approximately 75%.

There is nothing else that so kills the ambitions of a person as criticisms from superiors. I never criticize anyone...If I like anything, I am hearty in my approbation and lavish in my praise.

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.

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

Three men were laying brick. The first was asked: " What are you doing? He answered: " Laying some brick." The second man was asked: " What are you working for? " He answered: " Five dollars a day." The third man was asked: " What are you doing? He answered: " I am helping to build a great cathedral." Which man are you?

The word passive does a disservice to investors considering their options. Indexing provides an effective means of owning the market and allows investors to participate in the returns of a basket of stocks. The basket of stocks changes over time as stocks are added or removed based on its rules.