I wish it grew on trees, but it takes hard work to make money.

I think you'll do as well as most professionals. Most professionals don't beat the market. Let's not over-rate my industry. But if you have time, you can be in good mutual funds that have good records.

Oligopoly, plutocracy, kleptocracy: All things that are good for a shareholder.

On days like today you realize that you just can't keep these hypergrowth stocks down.

And, strangely, this one of the few things in life that the third, the latter, the buy with our eyes closed has actually done better than everybody else.

After a lifetime of picking stocks, I have to admit that Bogle's arguments in favor of the index fund have me thinking of joining him rather than trying to beat him. Bogle's wisdom and common sense are indispensable... for anyone trying to figure out how to invest in this crazy stock market.

I mean it's the most objective industry in the world. If your numbers stink, you're out. If your numbers are good, you get more money. It's the most Darwinian, it's beautiful, it's brutal, it works.