I'm not currently into economic textbooks, but my grandchildren tell me that the book by Gregory Mankiw, former head of the white house council of economic advisers is a model of intelligence and clarity. Why not try that one.

Income earned by the sweat of your brow should be taxed at the lowest rates, not the highest. Capital gains should be taxed at a higher rate.

If you're very talented and keep winning, you'll do just fine. It may take a while. But the talent is hard to identify and talent is hard to tell from luck. There's an awful lot of luck in this business. Past performance is not helpful in judging future performance.

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

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

The mutual fund industry has been built, in a sense, on witchcraft.

Don't look for the needle in the haystack. Just buy the haystack!