I think that there are changes that have occurred in technology that make is that more people can have the same level of information that I have. My advantage is that I'm very good at interpreting the information.

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 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.

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.

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'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.

I have never for a minute felt in was my stock picking abilities. I feel that my stock picking abilities aided- I was able to pick out which are the good stocks in the good market, but I have been blessed with a great market.