There are some areas of the US where competition is less than desirable. And we need to be careful not to overly consolidate the hospital industry. But some consolidation is both necessary and desirable.

I think that my biggest attribute to any success that I have had is hard work. There really is no substitute for working hard.

News is important information that may influence your investments. Noise is talk or buzz or some headline that prevents you from seeing a story clearly. News is useful. Noise is a distraction. Calling what's noise and news after the fact is easy.

[Donald Trump] is been very consistent on trade.

Too many people say to their brokers, I can't deal with this. Take my money. Do what you want. That's the worst attitude you can have.

[Donald Trump] is talking a lot about redoing trade and that's the area that is getting globalists nervous. Number one, they want certainty. They do not want to see a disruption in trade. He's promising to rip up NAFTA, redo NAFTA. He's not going to do the Trans-Pacific Partnership, the TPP trade with Asia.

The average trade of an individual is in the thousands of shares, whereas the institutional trade can be in the millions of shares. Clearly, the bigger the order, the bigger the move in the stock.