There's accountability in the mutual fund industry. And they've been tremendous engines of wealth for people and they're going to continue to be so.

A lot of times when I was short, I would create a level of activity beforehand that would drive the futures. . . . It's a fun game.

I invest in funds myself even though I run my own fund for my daughters.

Whatever money you may need for the next five years, please take it out of the stock market right now, this week.

They don't take eyeballs at the bank. Those who value stocks by eyeballs should go be ophthalmologists, not stock analysts. There is no cyberworld where reach trumps profits.

We are all wrong so often that it amazes me that we can have any conviction at all over the direction of things to come. But we must.

The corporate killer downsizing is directly responsive to what the mutual funds have wanted.