Managed funds are astonishingly tax-inefficient.

Sure there are some companies at the margins of our society that probably do that and I think we all have the responsibility as consumers and as investors to avoid them like the plague. If we do, they won't last very long. Doing what's right is the only possible formula for long-term - I emphasize long term - business success.

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."

Capitalism is not a Ponzi scheme. Capitalism is a scheme of free markets.

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.

The miracle of compounding returns has been overwhelmed by the tyranny of compounding costs.

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