A fast food job, for most people, should be an entry level position. If you see no path for advancement beyond that, it's time to take a real fast look at your human capital and learn a skill that will make you more money.

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).

While it is probably a poor idea to own actively managed funds in general, it is truly a terrible idea to own them in taxable accounts... taxes are a drag on performance of up to 4 percentage points each year... many index funds allow your capital gains to grow largely undisturbed until you sell... For the taxable investor, indexing means never having to say you're sorry.

The reason that 'guru' is such a popular word is because 'charlatan' is so hard to spell.

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

The key aspect of an index fund is that many of them, not all of them, but many of them are extremely cheap.

99% of fund managers demonstrate no evidence of skill whatsoever.