The principal role of the mutual fund is to serve its investors.

I would always advise young people to follow their star - not my star. They have to live their own life. If they decide they want to go into the investment business, do it, but make it a better business than it is today.

I believe - deeply and profoundly - that speculation is a loser's game.

My biggest prediction for the future is that people are going to start looking after individual investors.

I'm not an expert on Islam, but I think there are lots of noble religions whose basic principles could stand considerably more observation in the world of business.

We live in a very risky world and investors should not get "carried away" with excessive allocations to equities, or for that matter, real estate. As always asset allocation and low cost and broad diversification will be essential in earning one's fair share of whatever returns our financial markets are generous enough to bestow upon us.

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