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.

If fees consume more than 1% of your assets annually, you should probably shop for another adviser.

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

The sillier the market's behavior, the greater the opportunity for the business like investor.

The intelligent investor should recognize that market panics can create great prices for good companies and good prices for great companies.

As in roulette, same is true of the stock trader, who will find that the expense of trading weights the dice heavily against him.

Individuals who cannot master their emotions are ill-suited to profit from the investment process.