In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.

The simpler it is, the better I like it.

You can't see the future through a rearview mirror

The most important organ in the body as far as the stock market is concerned is the guts, not the head. Anyone can acquire the know-how for analyzing stocks.

When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.

Spend at least as much time researching a stock as you would choosing a refrigerator.

Nobody can predict interest rates, the future direction of the economy or the stock market. Dismiss all such forecasts and concentrate on what's actually happening to the companies in which you've invested