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

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.

It's the company itself, but most of these mutual fund companies, the guy who runs the company is just a fact totem and the guy who runs the money is the power. But we really don't know who they are.

The way the credit cards were made in the '80s to be a people's form of capitalism and be able to make it so that you could get a loan that you would have been denied previous, now that's the way stocks are.

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.

I think that I could have been take apart if the bear market continued, but I waited three years before I felt the bear market was over and I was right.

I made a small fortune. I made a lot of money and I made a lot of other people wealthy.