Any hostility my talk will cause should be directed at John Argue, who comes from the legal profession and may even enjoy it

• Every single investment expert ranks themselves above average
• sometimes more thinking hurts more than it helps
• Diversification is not the ideal strategy. Prefer long-term investments concentration in a few domestice corporations that are widely admired.
• US laws are particularly favorable to shareholder interests
• trend of brain power wasted in money management is a waste of potentially productive energy