Millions of mutual-fund investors sleep well at night, serene in the belief that superior outcomes result from pooling funds with like-minded investors and engaging high-quality investment managers to provide professional insight. The conventional wisdom ends up hopelessly unwise, as evidence shows an overwhelming rate of failure by mutual funds to deliver on promises.

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.

Never underestimate the gullibility of large pools of money.

I've worked many jobs throughout my life, which has ultimately enhanced my appreciation for the opportunity to teach yoga and share something so positive.

The real riches of yoga cannot be seen; they are felt and experienced from the inside out.

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.

My attitude about teaching has always been the same. From early on, I wanted to make yoga accessible so that anyone, regardless of ability, could experience its wonder, joy, and power. I encourage students to question, learn, and develop their own personal practice.