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

While I haven't read economist Robin Hahnel's work, replacing capitalism would be at the very bottom of my list of priorities - to be considered only after everything else had been tried. Improving our capitalistic system however, is at the top of my list and is of course the major theme of "The Battle for the Soul of Capitalism."

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

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

Rely on the ordinary virtues that intelligent, balanced human beings have relied on for centuries: common sense, thrift, realistic expectations, patience, and perseverance.

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

Your success in investing will depend in part on your character and guts, and in part on your ability to realize at the height of ebullience and the depth of despair alike that this too shall pass.