My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury..

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

I favour passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices..

What counts is what you do with your money, not where it came from..

Diversification is your buddy..

Junk bonds prove there's nothing magical in a Aaa bond rating..

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….

But in practice, if often comes down to not suffering a loss as big as the huge gain you made a while ago..

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

Most people might just as well buy a share of the whole market, which pools all the information, than delude themselves into thinking they know somet….

If there's 10,000 people looking at the stocks and trying to pick winners, one in 10,000 is going to score, by chance alone, a great coup, and that's….

You only need to make one big score in finance to be a hero forever..

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

Arbitrage proof has since been widely used throughout finance and economics..

As an economics undergraduate, I also worked on a part-time basis in Cambridge, Massachusetts, for a company that was advising customers about portfo….

Everyone recognizes that's a joke because obviously the number and shape of the pieces doesn't affect the size of the pizza. And similarly, the stock….

... Any pension fund manager who doesn't have the vast majority-and I mean 70% or 80% of his or her portfolio-in passive investments is guilty of mal….