When you buy a lottery ticket, you don't know how tickets have been sold. But sold they have been. And there is an underlying distribution for the game.

In real-world Finance, they don't pay for elegance. They pay for power - predictive power.

A comprehensive list of factors brings predictive stability and predictive stability and predictive power.

Less volatile stocks tend to have negative abnormal profits; more volatile stocks tend to have positive abnormal profits.

If we observe the performance of only those funds that remain active, we will tend to find that the average performance of the surviving funds exceeds that of the market.

The cheaper the stock, the better the outlook for future returns.

CAPM also makes use of what is called a "definitional identity." This is something that is automatically true, simply because of the way things have been defined.

So you see, in the end, it is nearly certain that the power of prediction must triumph over the arrogance of elegance.

God is the soul of the universe.

And without forgiveness, there is never any peace.

Without justice there can be no love.

Sometimes you have to take the focus off of you and put it on someone else and it's funny what you can accomplish and how much strength you really have.

He knew the things that were and the things that would be and the things that had been before.

Design provides solutions, art asks questions.

We have points in common with the FDP, particularly when it comes to tax.

I cannot believe how much I love my kid. It's a beautiful thing.

Your destiny is shaped by choice, never by chance. Beware the decisions you make, no matter how small, for they will be your salvation...or your death.

My autobiography was simply the story of my life.