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

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 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.

When it comes to fund managers and market strategists, this year's hero usually turns into next year's zero.

We outgrow love like other things and put it in a drawer, till it an antique fashion shows like costumes grandsires wore.

An atheist is someone who is disappointed in his search of god. He is a man who strongly needed god but couldn't find him. Atheism is a cry of despair

The whole crew sat on the deck, without a storm or a monster attack to worry about for the first time in days, and ate ice cream. Well, except for Frank, who was lactose intolerant. He got an apple.

If you can't drink a lobbyist's whiskey, take his money, sleep with his women and still vote against him in the morning, you don't belong in politics.

A pacifist will often - at least nowadays - be an internationalist and vice versa. But history shows us that a pacifist need not think internationally.

I've always held to the belief, though, that people who do too much acting training always look like they're acting, you know?

As long as you have certain desires about how it ought to be you can't see how it is.

Gayness is a non-issue.

One of the more distant concerns is with the visual interpretation of the music. I find it fascinating but I don't always particularly get involved with it.

Light reading is not to be avoided but should be used as a conduit to more serious reading.