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

I am more and more impressed with the possibilities of history's repeating itself on many different counts. You don't get very far in Wall Street with the simple, convenient conclusion that a given level of prices is not too high.

In the old legend the wise men finally boiled down the history of mortal affairs into a single phrase: 'This too will pass.'

The stock market resembles a huge laundry in which institutions take in large blocks of each others washing ... without rhyme or reason.

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

In an ideal world, the intelligent investor would hold stocks only when they are cheap and sell them when they become overpriced, then duck into the bunker of bonds and cash until stocks again become cheap enough to buy.

There is a close logical connection between the concept of a safety margin and the principle of diversification.