"Time is your friend; impulse is your enemy." — John C. Bogle

New ideas that fly in the face of conventional wisdom of the day are always greeted with doubt and scorn, even fear.

My father's money vanished in the Great Depression, and he had trouble keeping a job.

There is no country like the United States, with its diversified industrial base, technology leadership, innovation and strong pressure to build companies to make them grow.

Well, bitcoin is a currency. Bitcoin has no underlying rate of return. You know, bonds have an interest coupon. Stocks have earnings and dividends. Gold has nothing, and bitcoin has nothing. There is nothing to support the bitcoin except the hope that you will sell it to somebody for more than you paid for it.