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.

Obvious prospects for physical growth in a business do not translate into obvious profits for investors.

There is a close logical connection between the concept of a safety margin and the principle of diversification.

No statement is more true and better applicable to Wall Street than the famous warning of Santayana: "Those who do not remember the past are condemned to repeat it".

An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return.

Successful investing is about managing risk, not avoiding it.

In the old legend the wise men finally boiled down the history of mortal affairs into a single phrase: 'This too will pass.'