Analysts have always been overly optimistic.

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.

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

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

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

Favored stocks underperform the market, while out-of-favor companies outperform the market, but the reappraisal often happens slowly, even glacially.

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