My first encounter with yoga was in 1969 with my older brother Doug. I was thirteen years old, and he was eighteen. He'd learned about yoga in California on a surfing trip, and when he came back to Houston, Texas, he introduced me to this new stuff he'd learned. I'll always be grateful for that positive influence at an early age.

A yogi is one who leaves a place a little nicer than when they arrived.

When you look at the results on an after-fee, after-tax basis over reasonably long periods of time, there's almost no chance that you end up beating the index fund.

My first encounter with yoga was in 1969 with my older brother Doug. I was thirteen years old, and he was eighteen. He'd learned about yoga in California on a surfing trip, and when he came back to Houston, Texas, he introduced me to this new stuff he'd learned. I'll always be grateful for that positive influence at an early age.

I think nobody is in a position to react to these big macro-issues. Where is the dollar going to be or what is G.D.P. growth going to be in China? For every smart person on one side of the question, there is another smart person on the other side.

The true depth of understanding and maturity as a practitioner is how we apply what we've learned to our lives.

A minuscule 4 percent of funds produce market-beating after-tax results with a scant 0.6 percent (annual) margin of gain. The 96 percent of funds that fail to meet or beat the Vanguard 500 Index Fund lose by a wealth-destroying margin of 4.8 percent per annum.