One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It's your window into a very large world.

Mutual fund managers are trapped in this rather deadly vicious circle: the more successful they are, the more money flows into their mutual fund. Then, it is more difficult for them to beat the market averages or even to match their own past performance.

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.

In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms.

The founding fathers were not only brilliant, they were system builders and systematic thinkers. They came up with comprehensive plans and visions.

Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks.

A lot of the money in the stock market is really our national retirement plan, for better or worse.