Investing is not nearly as difficult as it looks. Successful investing involves doing a few things right and avoiding serious mistakes.

I believe that the behavior of too many of our corporations investment bankers and fund managers has jeopardized some of the trust that investors have had. It's not the economic engine that we need to focus on, but the need to make sure that our investors receive their fair share of the returns that that great economic system produces.

If the data do not prove that indexing wins, well, the data are wrong.

Investing is not nearly as difficult as it looks. Successful investing involves doing a few things right and avoiding serious mistakes.

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

Managed funds are astonishingly tax-inefficient.

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