Wells Fargo behaves better than the average big bank. But nobody's perfect.

When we were young, there weren't very many smart people in the investment world. You should have seen the people in the bank trust departments. Now, there are armies of smart people at private investment funds, etc . If there were a crisis now, there would be a lot more people with a lot of money ready to take advantage.

Avoid evil, particularly if they're attractive members of the opposite sex.

We have found in a long life that one competitor is frequently enough to ruin a business.

If it is wisdom you're after, you're going to spend a lot of time on your ass reading.

Here's one truth that perhaps your typical investment counselor would disagree with: if you're comfortably rich and someone else is getting richer faster than you by, for example, investing in risky stocks, so what?! Someone will always be getting richer faster than you. This is not a tragedy.

It's been my experience in life if you just keep thinking and reading, you don't have to work.