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

To be an investor you must be a believer in a better tomorrow.

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

Real investment risk is measured not by the percent that a stock may decline in price in relation to the general market in a given period, but by the danger of a loss of quality and earnings power through economic changes or deterioration in management.

Successful investing is about managing risk, not avoiding it.

Every corporate security may be best viewed, in the first instance, as an ownership interest in, or a claim against, a specific business enterprise.

The investor with a portfolio of sound stocks should expect their prices to fluctuate and should neither be concerned by sizable declines nor become excited by sizable advances. He should always remember that market quotations are there for his convenience, either to be taken advantage of or to be ignored.