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

Never mingle your speculative and investment operations in the same account nor in any part of your thinking.

In the world of securities, courage becomes the supreme virtue after adequate knowledge and a tested judgment are at hand.

A defensive investor can always prosper by looking patiently and calmly through the wreckage of a bear market.

To establish the right price for a stock, the market must have adequate information, but it by no means follows that is the market has this information it will thereupon establish the right price.

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.

The only thing you should do with pro forma earnings is ignore them.