The average result has to be the average result. By definition, everybody can't beat the market. As I always say, the iron rule of life is that only 20% of the people can be in the top fifth. That's just the way it is.

You don't have to have perfect wisdom to get very rich - just a bit better than average over a long period of time.

Wells Fargo behaves better than the average big bank. But nobody's perfect.

You don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long, time.

The normal expectancy of the average investor - for example, the pension funds of AT&T or IBM - is 6% for a long time.