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.

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.

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.'

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?

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.

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

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