The chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions.

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

The value of any investment is, and always must be, a function of the price you pay for it.

Before you place your financial future in the hands of an adviser, it's imperative that you find someone who not only makes you comfortable but whose honesty is beyond reproach.

Experience teaches that the time to buy stocks is when their price is unduly depressed by temporary adversity. In other words, they should be bought on a bargain basis or not at all.

No statement is more true and better applicable to Wall Street than the famous warning of Santayana: "Those who do not remember the past are condemned to repeat it".

Those with the enterprise lack the money and those with the money lack the enterprise to buy stocks when they are cheap.