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

Fund investors are confident that they can easily select superior fund managers. They are wrong.

If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks.

I think we all ought to be careful about too much generalization on this issue, even as I confess to painting with a pretty broad brush myself!

Time is your friend; impulse is your enemy.

In Las Vegas we all know that it's the croupiers who win. At the race track, it's those who control the handle who win. State lotteries, does anybody think the participants in the lottery win? No. The state wins.

The courage to press on regardless - regardless of whether we face calm seas or rough seas, and especially when the market storms howl around us - is the quintessential attribute of the successful investor.