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.

After the atomic bombs were dropped, the war ended and we went into Tokyo Bay with the rest of the fleet, the Missouri and the rest of them, while they signed the terms of surrender that ended the war.

You learn you have to accept the way things are, and the sooner you accept them, the sooner you become at peace with them, and then the things start to get better.

You know, the thing that struck me about Civil War music was how bloody it was; it was full of hatred. There was incredible vitriol in it.

Edelman diversified into public affairs in the late '60s with important programs for the Concorde SST, gaining landing rights at JFK Airport in New York, and in the late '70s generating public approval for the building of the very stark Vietnam Veterans War Memorial in Washington, D.C., from a design by the very young architect Maya Lin.