It's daring and challenging to be young and poor, but never to be old and poor. Whatever resources of good health, character, and fortitude you bring to retirement, remember, also, to bring money.

You normally don't get a margin call unless your securities, minus the debt, are worth 30% or less of their nominal market value.

Life insurance can be numbingly complicated. Clients often turn off their brains and surrender their judgment to the very agent or planner who brought on their coma in the first place.

Savings will not make you rich. Only canny investments do that. The role of savings is to keep you from becoming poor.

Lawyers are operators of the toll bridge across which anyone in search of justice has to pass.

Stock prices aren't real things. They're just froth on a wave. The wave is the only real thing, which investors forget when they're watching the ticket slither by.

hindsight is not a strategy.