Funny, but after trading for more than 15 years, I still am capable of forgetting a cardinal rule: The paper you own, in the end, will be intertwined with the fate of the 30-year bond.

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.

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

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.

Success through the eyes of one once defeated, is true VICTORY.

I may play a total madman on TV, but I'm really just a very unbalanced guy at home. However, when it comes to stocks, I believe in being rigorous and methodical, not crazy. There's no madness to my method.

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