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

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

Experience teaches us that when "everyone" comes to the same conclusion, that conclusion is just about always wrong.

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

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

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

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.