A good starting point [in the measurement of investment risk] is the preservation and enhancement of your purchasing power in real terms.

Nobody beats the market, they say. Except for those of those of us who do.

A good starting point [in the measurement of investment risk] is the preservation and enhancement of your purchasing power in real terms.

History constantly reminds us that in an uncertain world there is no visibility of prospects. Future earnings cannot be predicted with accuracy.

One of the big problems with growth investing is that we can't estimate earnings very well. I really want to buy growth at value prices. I always look at trailing earnings when I judge stocks.

Patience is a crucial but rare investment commodity.

Analysts have always been overly optimistic.