The smarter the journalists are, the better off society is.

The first rule is not to lose. The second rule is not to forget the first rule.

Taking jobs to build up your resume is the same as saving up sex for old age.

Fear is the foe of the faddist, but the friend of the fundamentalist.

I tell college students, when you get to be my age you will be successful if the people who you hope to have love you, do love you.

Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.

There are a few investment managers, of course, who are very good - though in the short run, it's difficult to determine whether a great record is due to luck or talent. Most advisors, however, are far better at generating high fees than they are at generating high returns. In truth, their core competence is salesmanship. Rather than listen to their siren songs, investors - large and small - should instead read Jack Bogle's The Little Book of Common Sense Investing.