A man sentenced to death obtained a reprieve by assuring the king he would teach his majesty's horse to fly within the year - on the condition that if he didn't succeed, he would be put to death at the end of the year. "Within a year," the man explained later, "the king may die, or I may die, or the horse may die. Furthermore, in a year, who knows? Maybe the horse will learn to fly." My philosophy is like that man's. I take the long-range view.

The main purpose of the stock market is to make fools of as many men as possible.

No man should think himself a zero, and think he can do nothing about the state of the world.

One of the secrets of a long and fruitful life is to forgive everybody everything everynight before you go to bed.

None of us can be free of conflict and woe. Even the greatest men have had to accept disappointments as their daily bread. ... The art of living lies less in eliminating our troubles than in growing with them.

Don't try to be a jack of all investments. Stick to the field you know best.

Never pay the slightest attention to what a company president ever says about his stock.