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

there is a tendency in part of Wall Street people to pay excessive attention to the most recent figures and the present financial picture.

Knowledge is only one ingredient on arriving at a stock's proper price. The other ingredient, fully as important as information, is sound judgment.

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

It is no difficult trick to bring a great deal of energy, study, and native ability into Wall Street and to end up with losses instead of profits. These virtues, if channeled in the wrong directions, become indistinguishable from handicaps.

Abnormally good or abnormally bad conditions do not last forever.

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