You should look at stocks as small pieces of business.

You can't help some increase from this point. I don't want any viewer to go away think a magic wand exists in Congress. So they're going to see some more bad news. But if we do this, we're doing the right thing.

Making money isn't the backbone of our guiding purpose; it is the by-product of our guiding purpose.

Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.

Success in investing doesn’t correlate with I.Q. Once you are above the level of 25; once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.

If you knew what was going to happen in the economy, you still wouldn't necessarily know what was going to happen in the stock market.

Take the job you would take if you were independently wealthy. You're going to do well at it.