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.

I'm not really sure where it comes from, but every time I meet someone who says 'I really want to be an entrepreneur' but has no idea what they want to do, I really just think: 'This person is totally aimless.'

Every time a man expects, as he says, his money to work for him, he is expecting other people to work for him.

Most of my career up until the last couple of years has basically been a training ground for me. Actors that came up in the '50s and '60s, they had the theater, and television was in its infancy.

Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.