Outperforming the majority of investors requires doing what they are not doing. Buying when others have despaired, and selling when they are full of hope, takes fortitude.

If we become increasingly humble about how little we know, we may be more eager to search.

Living life with a smile is like throwing yeast into a bowl of flour, adding warm water and waiting for the flour to rise. It multiplies may times over.

Before this century is over, the Dow Jones Industrial Average will probably be over one million versus around 10,000 now. So for the long-term, the outlook is tremendously bullish if you buy stocks blindly to keep for a century.

The four most expensive words in the English language are, 'This time it's different.'

To buy when others are despondently selling and sell when others are greedily buying requires the greatest fortitude and pays the greatest reward.

I'm really convinced that our descendants a century or two from now will look back at us with the same pity that we have toward the people in the field of science two centuries ago.