Long Shots Almost Always Miss The Mark.

People Who Want To Know How Stocks Fared On Any Given Day Ask, "where Did The Dow Close?" I'm More Interested In How Many Stocks Went Up Versus How Many Went Down. These So-called Advance/decline Numbers Paint A More Realistic Picture.

When People Discover They Are No Good At Baseball Or Hockey, They Put Away Their Bats And Their Skates And They Take Up Amateur Golf Or Stamp Collecting Or Gardening. But When People Discover They Are No Good At Picking Stocks, They Are Likely To Continue To Do It Anyway.

There's Lots Of Stocks Out There And All You Need Is A Few Of 'em. That's Been My Philosophy.

Go For A Business That Any Idiot Can Run - Because Sooner Or Later, Any Idiot Probably Is Going To Run It.

I Don't Go Near The Money And The Money Doesn't Go Near Me.