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

Investors repeatedly jump ship on a good strategy just because it hasn't worked so well lately, and, almost invariably, abandon it at precisely the wrong time.

A realistic definition of risk recognizes the potential loss of capital through inflation and taxes, and would include at least the following two factors: The probability that the investment you chose will preserve your capital over the time you intend to invest your funds. The probability the investments you select will outperform alternative investments for this period.

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

Psychology is probably the most important factor in the market - and one that is least understood.

If you have good stocks and you really know them, you'll make money if you're patient over three years or more.

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.