"I'm on this technology kick again. We definitely have to start feeding the technology industry again, and clearly I look at that as being the growth area. We've got to refocus that tax package toward capital spending, toward technology capital spending, because that was a generator of jobs in the '90s. Fifty percent of the job growth in the '90s came from the technology industry, and I believe that can be that in the future."

Dell

"Dell doesn't get out there and say, 'Well, I'm going to wait for the other little guys to come along.' They say, 'We're going to crush them,' and that's exactly what they've done. They've cut the prices enough and they're still making a lot of money."

Microsoft

EMC

Intel

"I like tech leaders, because this is a period in which we're going to shake out the competition. I go for the leaders, and I still have. My pitch for about a year now has been that you stay with Microsoft, Intel, Dell, you even own an EMC and you go to some of the others. Stick with the leaders. Cash is great, cash flows are terrific, and the bottom line is that they've got market share and they're going to get more."

SPDR Trust Series

"The average investor should start all over again. I really believe the public should start with index type funds. They are funds that try to replicate the markets overall. There's such things as the SPDRs, or the S&P 500 index fund. They're virtually the same. SPDRs trade during the day. That replicates the performance of the Standard & Poor's 500. So I would like to see the public just in the market with a very well diversified portfolio. That covers 500 stocks."

Nasdaq 100

"Now the QQQs are a little bit more volatile. They're a little bit more aggressive. It's the Nasdaq 100 top stocks, which includes technology, biotech, healthcare. But they're growth areas of the marketplace, and individuals don't have to sit there and try to pick one stock over another, because we do this 12, 14 hours a day and we make mistakes, and the public does it one hour a day and they don't?"

"If you sort of zone out all the noise -- the short-term stuff, which comes and goes, and we'll probably be talking about something else short term a year from now -- and just focus on the numbers, these are some really good bargains."

Lloyds Bank

"In the financial area in the United Kingdom, Lloyd's Bank, a major world bank, very conservatively managed, excellent business, very sustainable high rates of return. We estimate that its ROE (return on equity) going forward should be sustained at a 20 percent level, and yet it's trading for about an eight or nine times PE (price-earnings) multiple with, in fact, a dividend yield approaching 10 percent, which we think is about as good as it gets."

GlaxoSmithKline

Novartis

"In the pharmaceutical area, you have companies like Glaxo in the U.K. and Novartis in Switzerland, quality world pharmaceutical firms that actually do more of their business here in the United States than anywhere else, trading for P/Es of around 17 times, and sustainable ROEs in the 20 to 25 percent range."