Investing isn't about beating others at their game. It's about controlling yourself at your own game.

The investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage.

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

Only in the exceptional case, where the integrity and competence of the advisers have been thoroughly demonstrated, should the investor act upon the advice of others without understanding and approving the decision made.

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

Never buy a stock because it has gone up or sell one because it has gone down.

Undervaluations caused by neglect or prejudice may persist for an inconveniently long time, and the same applies to inflated prices caused by over-enthusiasm or artificial stimulants.