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.

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

The best place to succeed is where you are with what you've got.

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.

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

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.'

I quickly learned that if I kept at it and plowed right through the rejections I would eventually get somebody to buy my wares.