One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. Most people – not that I’m better than most people – always have to be playing; they always have to be doing something. They make a big play and say, “Boy, am I smart, I just tripled my money.” Then they rush out and have to do something else with that money. They can’t just sit there and wait for something new to develop

Get inside information from the president and you will probably lose half of your money. If you get it from the chairman of the board, you will lose all of it.

If everyone thinks one way, it is likely to be wrong. If you can figure out that it is wrong, you are likely to make a lot of money.

History shows that people who save and invest grown and prosper, and the others deteriorate and collapse.

If you want to be lucky, do your homework.

Most successful investors, in fact, do nothing most of the time.

The first loss is the best loss.