God Has Arrived. I Met Him On

Investing Is An Activity Of Forecasting The Yield Over The Life Of The Asset; Speculation Is The Activity Of Forecasting The Psychology Of The Market.

Thus, The Weight Of My Criticism Is Directed Against The Inadequacy Of The Theoretical Foundations Of The Laissez-faire Doctrine Upon Which I Was Brought Up And For Many Years I Taught

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

Words Ought To Be A Little Wild, For They Are The Assault Of Thoughts On The Unthinking.

There Is Nothing So Disastrous As A Rational Investment Policy In An Irrational World.