The essence of investment management is the management of risks, not the management of returns.

Real investment risk is measured not by the percent that a stock may decline in price in relation to the general market in a given period, but by the danger of a loss of quality and earnings power through economic changes or deterioration in management.

Diversification is an established tenet of conservative investment.

By developing your discipline and courage, you can refuse to let other people's mood swings govern your financial destiny. In the end, how your investments behave is much less important than how you behave.

The intelligent investor gets interested in big growth stocks not when they are at their most popular - but when something goes wrong.

The determining trait of the enterprising (or active, or aggressive) investor is his willingness to devote time and care to the selection of securities that are both sound and more attractive than the average.

At heart, "uncertainty" and "investing" are synonyms.