Although there are good and bad companies, there is no such thing as a good stock; there are only good stock prices, which come and go.

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

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

Calculate a stock's price/earnings ratio yourself, using Graham's formula of current price divided by average earnings over the past three years.

Thousands of people have tried, and the evidence is clear: The more you trade, the less you keep.

It requires strength of character in order to think and to act in opposite fashion from the crowd and also patience to wait for opportunities that may be spaced years apart.

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.