The true investor... will do better if he forgets about the stock market and pays attention to his dividend returns and to the operation results of his companies.

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

Those with the enterprise lack the money and those with the money lack the enterprise to buy stocks when they are cheap.

Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble... to give way to hope, fear and greed.

The beauty of periodic rebalancing is that it forces you to base your investing decisions on a simple, objective standard.

A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price.

The investor should be aware that even though safety of its principal and interest may be unquestioned, a long term bond could vary widely in market price in response to changes in interest rates.