People were giving money to companies who weren't worth anything. It was just absurd.

Boulder has a lot wider and smoother bike paths, and there are less bridges on the bike paths.

The most important thing is don't chase returns because somebody had good returns in the prior year. You want to focus on the team running a fund; the long-term returns; and understand the investing philosophy.

Medication helped in many ways. But it didn't answer the functional questions. How do I juggle multiple assignments? How do I budget my time? How do I get along with others? How do I get things in on time?

One of the ironies of 1999 is there were fine companies doing better than people anticipated but no one cared. They kept getting cheaper and cheaper and we kept adding to our portfolio.

Of course, we didn't look smart in 1999 owning Philip Morris.

We're confident value-style investing is robust and is going to be around.