The courage to press on regardless - regardless of whether we face calm seas or rough seas, and especially when the market storms howl around us - is the quintessential attribute of the successful 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.

In the long run, investing is not about markets at all. Investing is about enjoying the returns earned by businesses.

Managed funds are astonishingly tax-inefficient.

I believe - deeply and profoundly - that speculation is a loser's game.

Among my greatest disappointments about the mutual fund industry - in addition to excessive costs and excessive focus on the short-term - is that fund managers have been passive participants in corporate governance.

If your fund doesn't last for the long term, how can you invest for the long term?