I think the main figure that matters to all of us, including people in the media, is: How does GDP per capita grow? And those figures have been very good. There is a huge flux both up and down, so it isn't like we're all static in status. What's important is that pie grows.

In my whole life, I have known no wise people who didn't read all the time - none ... ZERO.

How you behave in one place, will help in surprising ways later.

[With] closet indexing....you're paying a manager a fortune and he has 85% of his assets invested parallel to the indexes. If you have such a system, you're being played for a sucker.

The normal expectancy of the average investor - for example, the pension funds of AT&T or IBM - is 6% for a long time.

Someone will always be getting richer faster than you. This is not a tragedy.

Strategic plans cause more dumb decisions than anything else in America.