The typical fund company services 401k plan participants in the same way that Baby Face Nelson serviced banks.

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.

You have to understand what market history looks like. What market history tells you is that the very, very best investments are made when things look the worst.

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.

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

For the taxable investor, indexing means never having to say you're sorry.

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.