Index funds do not trade from security to security and, thus, they tend to avoid capital gains taxes.

A blindfolded monkey throwing darts at a newspaper's financial pages could select a portfolio that would do just as well as one carefully selected by experts.

Trust in time rather than timing.

Never buy anything from someone who is out of breath.

Stupidity well packaged can sound like wisdom.

It's not that stock prices are capricious. It's that the news is capricious.

The surest way to find an actively managed fund that will have top-quartile returns is to look for a fund that has bottom-quartile expenses.

Many of us economists who believe in efficiency do so because we view markets as amazingly successful devices for reflecting new information rapidly and, for the most part, accurately.

We conclude that hedge funds are far riskier and provide much lower returns than commonly supposed.

It's like giving up a belief in Santa Claus.

The first rule is to keep an untroubled spirit. The second is to look things in the face and know them for what they are.

Everybody looks good in their own mirror!

In a lot of ways, living with Charlie was like having my own place, and I found myself reveling in the aloneness instead of being lonely.

To me, marriage is partly a religious thing and I'm not religious.

I'm fat, but I'm thin inside... there's a thin man inside every fat man.

Nothing bears out in practice what it promises incipiently.

God is in his Heaven and the first night was a wow.

Language is the only thing worth knowing even poorly.

I live to collect information, and I am also a perfectionist.

We need to promote development that does not destroy our environment.