I think we all ought to be careful about too much generalization on this issue, even as I confess to painting with a pretty broad brush myself!

The stock market is a giant distraction to the business of investing.

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.

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

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

I believe that the behavior of too many of our corporations investment bankers and fund managers has jeopardized some of the trust that investors have had. It's not the economic engine that we need to focus on, but the need to make sure that our investors receive their fair share of the returns that that great economic system produces.

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