I certainly resigned on my own volition without notice, ... I can say that I certainly didn't leave specifically for the purpose of setting up my own adviser.

So often you don't even notice it.

I never do anything I don't want to do. Nor does anyone, but in my case I am always aware of it.

I look up into the sky to see all the drops falling on the ground before they make contact. I realize the drops have more in common with me than I think. We're all just falling until we're not falling, and we don't really have a choice where we land.

While the sector's had a great run, there are still a number of companies that are fundamentally undervalued. But as the industry continues to prosper, investors need to be extremely selective.

People are going to continue to drink. They're going to continue to smoke. They're going to continue to gamble.