I will create value for society, rather than extract it.

Time is your friend; impulse is your enemy.

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

It's 1450 out of 1500 ETF funds that I just wouldn't touch because they're not diversified enough. Or they have some huge speculative twist to them that if you can guess the markets right you will do very well for a day or two but who can do that? Nobody.

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

We need to reorganize our entire system of retirement plan investing and to develop federal standards of fiduciary duty for pension trustees and fund managers. These require "top down" intervention. But we also need investors to look after their own economic interests, a bottom up approach to our problems that is well within our individual power to undertake.

My biggest prediction for the future is that people are going to start looking after individual investors.