I would say it's more important who the treasury secretary is than who the vice president is. If you want to have a debate here, I'd like a debate between potential treasury secretaries than the vice presidential debate.

Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient.

My father was the best person i've ever known.

You should be unconcerned about short-term price action when you own the securities directly, just as you were unconcerned when you owned them indirectly through BPL. I think about them as businesses, not "stocks", and if the business does all right over the long term, so will the stock.

Truly conservative actions arise from intelligent hypotheses, correct facts and sound reasoning.

When people tell me they've learned from experience, I tell them the trick is to learn from other people's experience.

The commission of the investment sins listed above is not limited to 'the little guy.' Huge institutional investors, viewed as a group, have long underperformed the unsophisticated index-fund investor who simply sits tight for decades. A major reason has been fees: Many institutions pay substantial sums to consultants who, in turn, recommend high-fee managers. And that is a fool's game.