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.

Most investors, both institutional and individual, will find that the best way to own common stocks (shares') is through an index fund that charges minimal fees. Those following this path are sure to beat the net results (after fees and expenses) of the great majority of investment professionals.

The best investment you can make, is an investment in yourself... The more you learn, the more you'll earn.

I'm putting all my money in the Chinese toy market.

We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous.

A pin lies in wait for every bubble and when the two eventually meet, a new wave of investors learns some very old lessons.

My friends and I have been coddled long enough by a billionaire-friendly Congress.