In stocks as in romance, ease of divorce is not a sound basis for commitment.

More money is lost anticipating the changes in the overall stock market than any other way of investing.

The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.

I don't know anyone who said on their deathbed: 'Gee, I wish I'd spent more time at the office.'

Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.

If you go to Minnesota in January, you should know that it's gonna be cold. You don't panic when the thermometer falls below zero.

You have to let the big ones make up for your mistakes.