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

Before you place your financial future in the hands of an adviser, it's imperative that you find someone who not only makes you comfortable but whose honesty is beyond reproach.

Never buy a stock immediately after a substantial rise or sell one immediately after a substantial drop.

Nothing important on Wall Street can be counted on to occur exactly in the same way as it happened before.

It is absurd to think that the general public can ever make money out of market forecasts.

Mr. Market does not always price stocks the way an appraiser or a private buyer would value a business. Instead, when stocks are going up, he happily pays more than their objective value; and, when they are going down, he is desperate to dump them for less than their true worth.

The margin of safety is always dependent on the price paid. It will be large at one price, small at some higher price, nonexistent at some still higher price.