The party line is that stocks historically have outperformed all other investment plans.

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

I am doing my best to find it. I will find it before the public finds it. I will get out of it before it's too late. The reason I will do that is because that's what I'm paid to do.

I mean that what makes me a professional, but the market itself has been fabulous during this whole period and I've got to give the market credit before I give myself credit.

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

You have a class of investors and you have a class of speculators. The speculators historically haven't been big enough to cause the investors to doubt the long-term vision of stock.

I am not a hesitant bull, I'm a Pamplona bull.