Chess Is A Cure For Headaches.

The Central Principle Of Investment Is To Go Contrary To The General Opinion, On The Grounds That If Everyone Agreed About Its Merits, The Investment Is Inevitably Too Dear And Therefore Unattractive.

There Is No Harm In Being Sometimes Wrong - Especially If One Is Promptly Found Out.

In This Autumn Of 1919, In Which I Write, We Are At The Dead Season Of Our Fortunes.

It Is The Duty Of The Long-term Investor To Endure Great Losses With Equanimity.

Economic Privation Proceeds By Easy Stages, And So Long As Men Suffer It Patiently The Outside World Cares Little.