"Trying to pick individual stocks is a trap. I can't do it. Warren Buffett can, but hardly anyone else can beat the indexes over a long period of time."

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My last real job was selling air time for CBS affiliates. I quit that when I was 28, and that was the last real job I had. I beat the system. I've been able to do this full-time for almost 15 years.

— James Denton