Burton Malkiel Quotes
Index funds do not trade from security to security and, thus, they tend to avoid capital gains taxes.

Quotes to Explore
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If I ask you to write down the last 4 digits of your social security number, and then take you out to lunch and ask you how many dentists there are in Manhattan, there's going to be a high correlation between those two numbers. What happens is that the number psychologically makes you feel confident.
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Instead of personal security, citizens are afraid to walk down the street in Jerusalem.
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The lens of contract focuses predominantly on gains from trade whereas orthodoxy is focused on resource allocation.
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We believe the use of force against Iraq, especially with reference to previous resolutions of the UN Security Council, has no grounds, including legal grounds.
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A waning United States would likely be more nationalistic, more defensive about its national identity, more paranoid about its homeland security, and less willing to sacrifice resources for the sake of others' development.
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What I heard was that Bush is now positioned to have victory after victory. He'll have Social Security reform passed, that he'll have tax reform passed, that he'll have conservative judges on the courts.
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Although China and United States are competitors, China and the United States are indeed partners in trade.
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Motivated more by partisan politics than by national security, today's Democratic leaders see America as an occupier, not a liberator. And nothing makes this Marine madder than someone calling American troops occupiers rather than liberators.
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The administration is manufacturing a crisis that does not exist in order to dismantle Social Security.
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Nobody should be too boastful or too proud about their security because there are people who have a major interest in cracking the security of networks, the security of companies.
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I have some security that could protect me against provocations but of course there are more terrible actions that could not be stopped by any security.
Garry Kasparov -
One out of three jobs in Washington is tied to trade.
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A more effective international disease surveillance system is essential for global security both against a bioterrorist attack or a naturally occurring disease.
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I am the commander in chief of the United States armed forces, and Iraq is gonna have to ultimately provide for its own security.
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The newness effect of a new thing wears off in nine months to a year, but financial security can last a lifetime.
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Security... it's simply the recognition that changes will take place and the knowledge that you're willing to deal with whatever happens.
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Trade isn't about goods. Trade is about information. Goods sit in the warehouse until information moves them.
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I am a common man. Why do I need security?
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Economically, unfair trade will benefit nobody in the long run, as poorer countries will be bled totally dry and will become unable to produce anything.
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They were the largest semiconductor maker in the world up until about 1980. I'm not sure that that can be re-gained again, but their progress in the last few years has been very impressive.
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I wanted to be a psychologist. You know, I thought that's what I'd be doing and it just goes to show you that, if you tell God your plans, He will laugh in your face.
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As long as you're fully present in what you're doing at the moment, you're doing it.
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Index funds do not trade from security to security and, thus, they tend to avoid capital gains taxes.