Index funds eliminate the risks of individual stocks, market sectors, and manager selection. Only stock market risk remains.

It's amazing how difficult it is for a man to understand something if he's paid a small fortune not to understand it.

Rely on the ordinary virtues that intelligent, balanced human beings have relied on for centuries: common sense, thrift, realistic expectations, patience, and perseverance.

The historical data support one conclusion with unusual force: To invest with success, you must be a long-term investor.

Our capitalistic scheme in the latter years of the 20th century seems to have lost its way. We've had a "pathalogical change" from traditional owners capitalism where most of the rewards have gone to those who make the investments and assume the risks to a new and deeply flawed system of managers capitalism where the managers of our corporations our investment system, and our mutual funds are simply take too large a share of the returns generated by our corporations and mutual funds leaving the last line investors - pension beneficiaries and mutual fund owners at the bottom of the food chain.

Income earned by the sweat of your brow should be taxed at the lowest rates, not the highest. Capital gains should be taxed at a higher rate.

If it is hard to imagine that 20% of losses on the stock market, you should never participate