How to Turn a Snake Into a Rope

Every single bear market in the history of the United States has led to a bull market, meaning right afterwards. Jack Bogle told me he started Vanguard, a $3 trillion company,. He said, we took gorillas a thousand in a room and had them flip coins. And one gorilla in that set of those turns flipped heads 21 times in a row. Only 4% of all mutual funds fail to match the market over a 10-year period. If you are not in the market, it's the most dangerous thing. It really is.