I'd be the first to agree that capitalism bestows its blessings unevenly. But that wouldn't persuade me to think it was a good idea to do away with those blessings in their entirety. That said, there is lots of work to be done to make capitalism work better, and to broaden its blessings far more widely not only in America, but all over the globe.

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

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.

Among my greatest disappointments about the mutual fund industry - in addition to excessive costs and excessive focus on the short-term - is that fund managers have been passive participants in corporate governance.

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

Surprise! The returns reported by mutual funds aren't actually earned by mutual fund investors.

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.