Disclosure has the connotation of regulatory compliance. We started out to provide information-the funds are out to provide entertaining information. Wall Street isn't the only place to get it.

The fundamental work of investment management is filtering. The question is what do you filter.

The Internet has leveled the investment playing field.

There's a stench of burnt toast coming out of all these news reports. It's very, very thought contagious. And if it spreads across the techs and venture capital companies in Silicon Valley, it will make Enron look like small change.

Moore's Law says that every 18 months, customers can buy the same processor for half the price, or twice the power in a processor for the same price,

There's a stench of burnt toast coming out of all these news reports, ... It's very, very thought contagious. And if it spreads across the techs and venture capital companies in Silicon Valley, it will make Enron look like small change.