I think it's gone much too far. Most of them are not worth the powder to blow them to hell.

You know the rule of 72, divide the number into 72, any number you want, and that's how long it will take your money to double.

Managed funds are astonishingly tax-inefficient.

The returns we read about in the industry sales literature vastly diminish when we move from the theoretical world of market indexes to the real world of actually investing.

Yes, the investor is often his own worst enemy. Yes, the marketing colossus known as the mutual fund industry provides the weaponry which enables investors to indulge their suicidal instincts. No, the fund industry was hardly an innocent bystander in the market boom and the subsequent carnage. "We have met the enemy and he is us"... all of us.

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

Reversion to the mean is the iron rule of the financial markets.