When you start to confuse Freddie Mac, Sallie Mae and Fannie Mae with members of your family, and you remember 2,000 stock symbols but forget the children's birthdays, there's a good chance you've become too wrapped up in your work.

An important key to investing is to remember that stocks are not lottery tickets.

The simpler it is, the better I like it.

I like to buy a company any fool can manage because eventually one will.

You only need a few good stocks in your lifetime. I mean how many times do you need a stock to go up ten-fold to make a lot of money? Not a lot.

If you can't find any companies that you think are attractive, put your money in the bank until you discover some.

In the summer of 1990, I was buying stocks and I was probably three or four months early there. But we had a great rally in 1991.