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

There are two kinds of investors, be they large or small: those who don't know where the market is headed and those who don't know what they don't know. Then again, there is a third type of investor: the investment professional, who indeed knows he doesn't know, but whose livelihood depends upon appearing to know.

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.

The purpose of investing is not to simply optimise returns and make yourself rich. The purpose is not to die poor.

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

You have to ask yourself, what are the things that matter to you most in your life? If you have to have a latte every day that'snice to have right now, but if you take that latte every day right now, you may wind up eating cat food when you are 70. And you have to decide which is worse.

Wall Street is littered with the bones of those who knew just what to do, but could not bring themselves to do it.