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 memory of the financial community is proverbially and distressingly short.

... the loss of public confidence in the financial community growing out of its own conduct in recent years. I insist that more damage has been done to stock values and to the future of equities from inside Wall Street than from outside Wall Street.

Successful investing professionals are disciplined and consistent and they think a great deal about what they do and how they do it.

I am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities.

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 intelligent investor is likely to need considerable will power to keep from following the crowd.