It requires strength of character in order to think and to act in opposite fashion from the crowd and also patience to wait for opportunities that may be spaced years apart.

Obvious prospects for physical growth in a business do not translate into obvious profits for investors.

Wall Street people learn nothing and forget everything.

If I have noticed anything over these 60 years on Wall Street, it is that people do not succeed in forecasting what`s going to happen to the stock market.

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

Before you invest, you must ensure that you have realistically assessed your probability of being right and how you will react to the consequences of being wrong.

To be an investor you must be a believer in a better tomorrow.