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

A speculator gambles that a stock will go up in price because somebody else will pay even more for it.

there is a tendency in part of Wall Street people to pay excessive attention to the most recent figures and the present financial picture.

Every corporate security may be best viewed, in the first instance, as an ownership interest in, or a claim against, a specific business enterprise.

The investor's chief problem - and even his worst enemy - is likely to be himself.

To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.

The purpose of this book is to supply, in the form suitable for laymen, guidance in the adoption and execution of an investment policy.