The best way to measure your investing success is not by whether you're beating the market but by whether you've put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.

We are convinced that the intelligent investor can derive satisfactory results from pricing of either type (market timing or fundamental analysis via price). We are equally sure that if he places his emphasis on timing, in the sense of forecasting, he will end up as a speculator and with a speculator's financial results." And "The speculator's primary interest lies in anticipating and profiting from market fluctuations. The investor's primary interest lies in acquiring and holding suitable securities at suitable prices.

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

The best values today are often found in the stocks that were once hot and have since gone cold.

It should be remembered that a decline of 50% fully offsets a preceding advance of 100%.

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

Diversification is an established tenet of conservative investment.