In the summer of 1990, I was buying stocks and I was probably three or four months early there. But we had a great rally in 1991.

All the time and effort people devote to picking the right fund, the hot hand, the great manager have, in most cases, led to no advantage.

Improved turnout will give parliament and government the appearance of being more legitimate.

Know what you own, and know why you own it.

Invest in what you know.

There's lots of stocks out there and all you need is a few of 'em. That's been my philosophy.

I deal in facts, not forecasting the future. That's crystal ball stuff. That doesn't work.