A good investor in this new world knows to always expect the unexpected.

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

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.

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.

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

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 I'm not smarter than the market, but I can recognize a good tape and a bad tape. I recognize when it's right and when it's wrong and that's what my strength is.