We've all heard stories of lottery winners, rock stars, heirs and heiresses, and professional athletes becoming millionaire morons who wake up rich but are broke by nightfall.

As a bull market turns into a bear market, the new pros turn into optimists, hoping and praying the bear market will become a bull and save them. But as the market remains bearish, the optimists become pessimists, quit the profession, and return to their day jobs. This is when the real professional investors re-enter the market.

The rich continue to get rich the same way they always have - by understanding how money works and making their money work for them.

I want parents to teach that academic intelligence is essential, but so is financial intelligence.

When the best leader's work is done the people say, 'We did it ourselves.'

There's the assumption being made by the national security advisers to the Obama administration that the North Korean leadership is not suicidal, that they know they will be obliterated if they attacked the United States. But I would point that everything in South Korea and Japan is well within range of what they might want to do.

You don't lead by hitting people over the head - that's assault, not leadership.

I think President Obama is weak, bored with the office, and an incompetent leader.