As I look back on it now, it's obvious that studying history and philosophy was much better preparation for the stock market than, say, studying statistics.

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.

You can find good reasons to scuttle your equities in every morning paper and on every broadcast of the nightly news.

Invest in businesses any idiot could run, because someday one will.

So while I was in college I did a little study on the freight industry, the air freight industry. And I looked at this company called Flying Tiger. And I actually put a thousand dollars in it and I remember I thought this air cargo was going to be a thing of the future.

In the long run, it's not just how much money you make that will determine your future prosperity. It's how much of that money you put to work by saving it and investing it.

I've always been a great lover of baseball.