I like my work to stand on its own as much as possible..

There is beauty in everything, Just not everybody sees it.

Swallows and Amazons for-ever!.

Some changes are so slow, you don't notice them, others are so fast, they don't notice you..

Most investors would be better off in an index fund..

Active management is little more than a gigantic con game..

My career in academic research has not been involved with active management of securities. I've tried to understand risk-and-return relationships; al….

It is very hard, if not impossible," he wrote in his study, "to justify active management for most individual, taxable investors, if their goal is to….

Commodities tend to zig when the equity markets zag..

Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows..