The Federal Reserve was not founded to bail out Bear Stearns or a few hedge funds. It was founded to keep a stable currency and maintain its value.

Commodities tend to zig when the equity markets zag.

The biggest public fallacy is that the market is always right. The market is nearly always wrong. I can assure you of that.

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

Lady Luck smiles on those who continue their efforts

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.

One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do... I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up... I wait for a situation that is like the proverbial "shooting fish in a barrel."