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

I don't think that's changed at all. I think there are a thousand stocks out there that could make you rich, totally independent of what you do for a living.

This is a business, the direct selling, that bizarrely works best when times are bad.

The mutual fund industry provided the money for Intel and Motorola and Hewlett-Packard to crush the competitors.

If you can't find the next McDonald's, I'll find the next McDonald's. But it's vital to be with people who with looking for 'em, because they do exist. They are created.

The people who are buying stocks because they're going up and they don't know what they do, deserve to lose money.

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.