The mutual fund industry and small investors are very relentless and very unforgiving if people don't perform.

Mutual funds give people the sense that they're investing with the big boys and that they're really not at a disadvantage entering the stock market.

I have developed a very strong partiality for the dead: they don't talk back, they don't sue, and they don't have angry relatives.

I'm dubious about having Social Security put into the stock market. I think that we have gotten very far away from the idea that there's something sacrosanct about retirement investments.

Writing about dead white males seems to be out of favor among academics.

There is no country in the world where it's as easy to find venture capital in the stock market as the United States.

A prudent silence will frequently be taken for wisdom and a sentence or two cautiously thrown in will sometimes gain the palm of knowledge, while a man well informed but indiscreet and unreserved will not uncommonly talk himself out of all consideration and weight. (Alexander Hamilton's 'thesis on discretion' written to his son James shortly before his fatal duel with Burr.)