Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market movements, inadequate diversification, the payment of high and unnecessary fees to managers and advisors, and the use of borrowed money can destroy the decent returns that a life-long owner of equities would otherwise enjoy. Indeed, borrowed money has no place in the investor's tool kit.

I don't want to hold out false hopes that the - by some magic moment, that things will turn around in a couple months because they wouldn't, Charlie. I mean, and it's a big mistake to try and mislead people.

Banking is very good business if you don't do anything dumb.

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

The key to life is to figure out who to be the batboy for.

I don't read economic forecasts. I don't read the funny papers.

The same things happen to quite an extent around the globe. I mean, the European banks were doing what the American banks were.