I think it's fairly easy to provide a moral defense of capitalism. It has been - over the last 200 years - the underlying basis for enormous increases in productivity and human welfare and rising living standards, particularly in the United States, and in the industrialized nations but in fact, in most parts of the world.

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

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."

Managed funds are astonishingly tax-inefficient.

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

The principal role of the mutual fund is to serve its investors.

On balance, the financial system subracts value from society