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Owning equities is an essential part of anyone's portfolio. You just can't ignore it over time. It's going to add the real pop to anyone's overall performance.

You've always got to think about having some fixed income in your portfolio as well as equities.

What we are doing is increasing our focus on cash flow, return on investment, and value creation.

I've been through periods of stress, turbulence in the market for over the course of my career, various times, and never in any of those other periods have we had the advantage of a strong economy underpinning the markets.

There's money in the old stuff, but there's more wealth created in the new growth areas.

If you look historically, what creates growth and wealth is innovation and investment, and increase in scale - more customers.

Technology investment drove growth in the 1990s, both directly and by fueling a rising stock market that led to increased consumer spending.

Great opportunities can be and have been created during tough economic times.

Simply put, investors should own less equities, more bonds, more global investments, more cash and more dry ammunition.

Wall Street excesses helped lead to the Great Recession.