The assumption that everybody will figure out how much they have to save and then will just implement that plan is obviously preposterous.

I don't go by the ratings. I buy wine that tastes good. Statistically, anybody's ability to predict what will be a good wine a decade from now is limited.

A good rule of thumb is to assume that everything matters.

There are cases when I can make myself better off by restricting my future choices and commit myself to a specific course of action.

Investors must keep in mind that there's a difference between a good company and a good stock. After all, you can buy a good car but pay too much for it.

I think the people who've been the most overconfident in our business in the last decade have been the people that called themselves risk managers.

The lesson from behavioral economics is that people only save if it's automatic.