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

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

Traditionally the investor has been the man with patience and the courage of his convictions who would buy when the harried or disheartened speculator was selling.

we have complaints that institutional dominance of the stock market has put 'the small investor at a disadvantage because he can't compete with the trust companies' huge resources, etc. The facts are quite the opposite. It may be that the institutions are better equipped than the individual to speculate in the market.But I am convinced that an individual investor with sound principles, and soundly advised, can do distinctly better over the long pull than large institutions.

Always remember that market quotations are there for convenience, either to be taken advantage of or to be ignored.

For 99 issues out of 100 we could say that at some price they are cheap enough to buy and at some price they would be so dear that they would be sold.

The intelligent investor gets interested in big growth stocks not when they are at their most popular - but when something goes wrong.