The Rich Invest In Time, The Poor

People Always Should Know Better. People Don't Get - They Don't Get Smarter About Things That Get As Basic As Greed.

Stocks Are The Only Thing That People Are Happy To Buy When The Price Goes Up.

There Is One Thing Of Which I Can Assure You. If Good Performance Of The Fund Is Even A Minor Objective, Any Portfolio Encompassing One Hundred Stocks (whether The Manager Is Handling One Thousand Dollars Or One Billion Dollars) Is Not Being Operated Logically. The Addition Of The One Hundredth Stock Simply Can't Reduce The Potential Variance In Portfolio Performance Sufficiently To Compensate For The Negative Effect Its Inclusion Has On The Overall Portfolio Expectation.

I Don't Measure My Life By The Money I've Made. Other People Might, But Certainly Don't.

Success In Investing Doesn’t Correlate With I.q. Once You Are Above The Level Of 25; Once You Have Ordinary Intelligence, What You Need Is The Temperament To Control The Urges That Get Other People Into Trouble In Investing.