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.

The deeper one delves, the worse things look for actively managed funds.

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.

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

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

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.

Investment success accrues not so much to the brilliant as to the disciplined.