The intelligent investor is likely to need considerable will power to keep from following the crowd.

Investing isn't about beating others at their game. It's about controlling yourself at your own game.

Confusing speculation with investment is always a mistake.

Those with the enterprise lack the money and those with the money lack the enterprise to buy stocks when they are cheap.

Speculative stock movements are carried too far in both directions, frequently in the general market and at all times in at least some of the individual issues.

Always buy your straw hats in the Winter

The beauty of periodic rebalancing is that it forces you to base your investing decisions on a simple, objective standard.