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

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

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.

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

Exercise promotes positive self-image and good well-being.

Apathy sets in when our passion for the future is miscarried.

When virtue is banished, ambition invades the minds of those who are disposed to receive it and avarice possesses the whole community.

I feel like I'm pretty good but I don't like to toot my own horn, you know. I want to let the work speak for itself and kind of move on to the next thing.

You're going to find the good people and bad all around.

Never forget to dream.

Like writing, reading is a protest against the insufficiencies of life.

Creativity is not merely about cute pictures drawn by kindergartners. It is about the ability to create new enterprises, organizations, and institutions that fundamentally change society.

The big turn in the late 90s was that I realized I was going to be doing this for a long time. I was fairly sure I was going to be an actor for the rest of my life, which I think calmed me down.

This is the sanctification of your studies: when they are devoted to God, and when He is the end, the object, and the life of them all.