The chief function of stock-market forecasters is to make astrologers look respectable.

Auto insurance is a toll bridge, over which every honest driver has to pass.

Equality is never given, it is taken.

You normally don't get a margin call unless your securities, minus the debt, are worth 30% or less of their nominal market value.

Three reasons not to have a [spending] plan: 1. You're rich enough to buy anything you want and still have plenty of money left over. 2. I forget the other two.

No one knows what stocks will do tomorrow, but the evidence is clear as to how they'll perform over 10 or 20 years. They will almost certainly go up.

The best real-estate investments with the highest yields are in working-class neighborhoods, because fancy properties are overpriced.