I believe in labeling things.

When done right, working is a series of decisions that you make which allow you to refine and refine and refine your highest and best use. Ultimately, if you are lucky, you will find out where you belong.

I think small groups have more collective wisdom than an individual.

The bottom line: All of your investing decisions should be grounded in your own investment policy statement. By taking a "top-down" look at your finances and writing out a road map, your policy statement will add an important element of discipline to your approach.

However, there's nothing more inspiring than a company that does solve problems and those problems are captured as part of a larger story.

In the summer between my freshman and sophomore year, my grandfather got me a job at a local messenger company working on Wall Street. I was lucky enough to have been in the business during a stock market boom but just before the fax machine appeared on the scene, let alone email and the Internet. As a result, the messenger business was booming.

I was never going to be one of Nobel prize winners.