Speculators often prosper through ignorance; it is a cliché that in a roaring bull market knowledge is superfluous and experience is a handicap. But the typical experience of the speculator is one of temporary profit and ultimate loss

If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume.

The market is always making mountains out of molehills and exaggerating ordinary vicissitudes into major setbacks.

Thousands of people have tried, and the evidence is clear: The more you trade, the less you keep.

Mathematics is ordinarily considered as producing precise and dependable results; but in the stock market the more elaborate and abstruse the mathematics the more uncertain and speculative are the conclusions we draw there from. Whenever calculus is brought in, or higher algebra, you could take it as a warning that the operator was trying to substitute theory for experience, and usually also to give to speculation the deceptive guise of investment.

Always buy your straw hats in the Winter

The true investor... will do better if he forgets about the stock market and pays attention to his dividend returns and to the operation results of his companies.