Everybody has some information. The function of the markets is to aggregate that information, evaluate it and get it incorporated into prices.

I should mention that I am a member of the board of directors of Dimensional Fund Advisors.

To beat the market you'll have to invest serious bucks to dig up information no one else has yet.

As an economics undergraduate, I also worked on a part-time basis in Cambridge, Massachusetts, for a company that was advising customers about portfolio decisions, writing reports.

What counts is what you do with your money, not where it came from.

You only need to make one big score in finance to be a hero forever.

I had some of the students in my finance class actually do some empirical work on capital structures, to see if we could find any obvious patterns in the data, but we couldn't see any.

I favour passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.

Diversification is your buddy.

Junk bonds prove there's nothing magical in a Aaa bond rating.

My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury.

To the poor memories of drunks, ' she said. 'To all the lovely nights forever lost.

If you live with values for yourself, then you become of great value to all who know you.

But sometimes you don’t know what you’re looking for until it’s already knocked you flat on your back.

Sometimes being indifferent solves everything.

I guess he believes if a lie is big enough and repeated often enough, it will be believed.

Most comedians weren't great athletes; that was the way they got noticed in high school.

I make clothes for a woman who is not swayed by what her husband thinks.

Only when I follow my love for my objective is it I myself who act.

I enjoy going back and forth between plays and novels. It's like having a wife and a mistress. Books are the wife; plays, the mistress.

I feel like I've been very fortunate in that I've stuck like a burr to the dog-leg of the next generation of nerdism. I've been carried into the XXIth century on Bill Gates' pants-cuff.