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

We typically hear numbers that there are 34 million households that are in stocks in some form. Well, I say that what's occurred is if you have a job in this country, you're in stocks.

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.

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

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

I've lost tremendous amounts of money in various markets and I think that that's something that makes you better at my job, not worse.

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