The mistakes we make as investors is when the market's going up, we think it's going to go up forever. When the market goes down, we think it's going to go down forever. Neither of those things actually happen. Doesn't do anything forever. It's by the moment.

The returns we read about in the industry sales literature vastly diminish when we move from the theoretical world of market indexes to the real world of actually investing.

The historical data support one conclusion with unusual force: To invest with success, you must be a long-term investor.

You know the rule of 72, divide the number into 72, any number you want, and that's how long it will take your money to double.

It's amazing how difficult it is for a man to understand something if he's paid a small fortune not to understand it.

We are facing incredible challenges in the economy of the U.S. and the economy of the globe, but the stock market, we never know whether it's over-discounted or under-discounted or got exactly right its anticipation.

I think we all ought to be careful about too much generalization on this issue, even as I confess to painting with a pretty broad brush myself!