All of these funds you could own for 10 or 20 years. With all of them, I have a fair amount of confidence that things will go well for a long time.

He really did things differently, ... And it worked well for investors and the company.

I don't see any area that's terribly safe. Everyone's going to have a bad day.

If you have a basketball team with seven great players, and one leaves ... the overall team is worse

In general, the fund industry can do better.

Any time you have a super-narrow universe and rationalize other stuff that's out there, it's a sure sign it's a gimmick fund.

It wasn't a nice thing to say or completely accurate ... It was bad form,

It's good news for investors. I think investors can benefit from more information.

For every Warren Buffett who turned $100,000 into $1 million, there are probably 10,000 people who turned $100,000 into zero,

It was a tough quarter, but a lot of funds are still up for the year. A little sobriety never hurts.