The investor with a portfolio of sound stocks should expect their prices to fluctuate and should neither be concerned by sizable declines nor become excited by sizable advances. He should always remember that market quotations are there for his convenience, either to be taken advantage of or to be ignored.

The best values today are often found in the stocks that were once hot and have since gone cold.

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

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

Never mingle your speculative and investment operations in the same account nor in any part of your thinking.

Have the courage of your knowledge and experience. If you have formed a conclusion from the facts and if you know your judgment is sound, act on it – even though others may hesitate or differ.

The best way to measure your investing success is not by whether you're beating the market but by whether you've put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.