In the long run, investing is not about markets at all. Investing is about enjoying the returns earned by businesses.

Thomas Aquinas defined the human soul as the core of our being, and the power that brings our characteristics into unity so the soul of capitalism - in its own temporal world as contrasted to the spiritual world of human beings - is what defines the core of the system and the factors that unify to produce the wonderful world that we are blessed to live in.

The mutual fund industry has been built, in a sense, on witchcraft.

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.

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.

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.

On balance, the financial system subracts value from society