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

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.

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

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.

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

Some people resist the idea of a choice of any sort. They don’t want to be called “narrow.” But Jesus taught that there are two roads, and you have to choose which road you will take.

How precious also are thy thoughts unto me, O God! How great is the sum of them!If I should count them, they are more in number than the sand.

Preservations are working to save neon signs for future generations, either on-site or in museums. After all, what would America be without a few giant doughnuts around.

For most of my life, I have eaten to deal with stress.

The mind is a strange machine which can combine the materials offered to it in the most astonishing ways.

I just liked girls because I couldn't help not to.

All was silent as before - All silent save the dripping rain.

A theology without spirituality would be a sterile academic exercise.

Our directives must be reassessed.

...one cannot actively help a woman to give birth. The goal is to avoid disturbing her unnecsessarily.