You must never delude yourself into thinking that you're investing when you're speculating.

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.

The investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage.

The investor's chief problem - and even his worst enemy - is likely to be himself.

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

To see how much a company is truly earning on the capital it deploys in its businesses, look beyond EPS to Return on Invested Capital (ROIC).

Wall Street people learn nothing and forget everything.