Kelsoism Is Not Accepted By Modern Scientific

Perhaps There Really Are Managers Who Can Outperform The Market Consistently - Logic Would Suggest That They Exist. But They Are Remarkably Well-hidden.

Man Does Not Live By Gnp Alone.

I Spent The Four Years I Was An Undergraduate Working On The Beach. And It Wasn't Because I Was Lazy; It Was Because My Freshman Class Would Go To A Hundred Different Employers And Wouldn't Get A Nibble.

Investing Should Be More Like Watching Paint Dry Or Watching Grass Grow. If You Want Excitement, Take $800 And Go To Las Vegas.

In Every Mutual Fund Prospectus, In Every Sales Promotional Folder, And In Every Mutual Fund Advertisement (albeit In Print Almost Too Small To Read), The Following Warning Appears: "past Performance Is No Guarantee Of Future Results."