The stock market resembles a huge laundry in which institutions take in large blocks of each others washing ... without rhyme or reason.

The purpose of this book is to supply, in the form suitable for laymen, guidance in the adoption and execution of an investment policy.

A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price.

Buy not on optimism, but on arithmetic.

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

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

In the short run, the market is a voting machine, but in the long run it is a weighing machine.