The key thing about any fund is to make sure its expenses are low. You know, if you look at the funds in your plan and you see that they're all charging 1.5 and 2 percent,you've gota bad plan.

Do the math. Expect catastrophes. Whatever happens, stay the course.

It's human nature to find patterns where there are none and to find skill where luck is a more likely explanation (particularly if you're the lucky manager).

If your broker or investment advisor is not familiar with the concept of standard deviation of returns, get a new one.

Mutual fund manager performance does not persist and the return of stock picking is zero.

All the things that make us human make us terrible investors and you have to understand what they are and how to avoid them.

Market risk is like taking a plunge into a cool pool ... a lot of people are finding out right now what their risk tolerance is.