Invest In Businesses Any Idiot Could Run,

The Biggest Winners Are Surprises To Me, And Takeovers Are Even More Surprising. It Takes Years, Not Months, To Produce Big Results.

Most Investors Would Be Better Off In An Index Fund.

A Lot Of People Got In At The Wrong Time. A Lot Of People Did Very Well And Some People Said, "this Is It. I'll Never Get Back In Again." And They Maybe Meant It, But They Probably Got Back In Again Anyway.

I've Always Said, The Key Organ Here Isn't The Brain, It's The Stomach. When Things Start To Decline - There Are Bad Headlines In The Papers And On Television - Will You Have The Stomach For The Market Volatility And The Broad-based Pessimism That Tends To Come With It?

Bargains Are The Holy Grail Of The True Stockpicker. The Fact That 10 To 30 Percent Of Our Net Worth Is Lost In A Market Sell-off Is Of Little Consequence. We See The Latest Correction Not As A Disaster But As An Opportunity To Acquire More Shares At Low Prices. This Is How Great Fortunes Are Made Over Time.