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).

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

Bluntly put, there's no chance that your doctor, dentist, or attorney is a high-school dropout. Your stockbroker, however, just might be.

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

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

There are two kinds of investors, be thay large or small: those who don't know where the market is headed, and those who don't know that they don't know.

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

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.

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

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

All the things that make us human make us terrible investors and you have to understand what they are and how to avoid them.

Who can say they saw a whole play or read a whole book? Each has their own experience, their own play, their own book

No longer will I doubt my abilities...I will give myself a chance.

I've been rapping since I was 18 years old, with a crew called Blades.

Like all New York hotel lady cashiers she had red hair and had been disappointed in her first husband.

Value inner attunement as much as you value outer attainment.

When I need some striking inspiration about deep depression for my new painting, I just need to go to check my bank account.

What are you thinking about? What you focus on right now will tend to come into your life a little later. Here's your reminder to change your mind.

Galen Clark was the best mountaineer I ever met, and one of the kindest and most amiable of all my mountain friends.

The meaning of the universe lies outside the universe.

I'm never gonna try it, because you got to pay a lot for cocaine, and that's not the way I want to spend my money.