The transfer of Wall Street from private ownership to public ownership has been a big step backward.

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

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

Index funds eliminate the risks of individual stocks, market sectors, and manager selection. Only stock market risk remains.

It's amazing how difficult it is for a man to understand something if he's paid a small fortune not to understand it.

Yes, the investor is often his own worst enemy. Yes, the marketing colossus known as the mutual fund industry provides the weaponry which enables investors to indulge their suicidal instincts. No, the fund industry was hardly an innocent bystander in the market boom and the subsequent carnage. "We have met the enemy and he is us"... all of us.

You know the rule of 72, divide the number into 72, any number you want, and that's how long it will take your money to double.