When management owns stock, then rewarding the shareholders becomes a first priority, whereas when management simply collects a paycheck, then increasing salaries becomes a first priority.

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

All the math you need in the stock market you get in the fourth grade.

Although it's easy to forget sometimes, a share is not a lottery ticket... it's part-ownership of a business.

There is always something to worry about. Avoid weekend thinking and ignoring the latest dire predictions of the newscasters. Sell a stock because the company's fundamentals deteriorate, not because the sky is falling.

If all the economists in the world were laid end to end, it wouldn't be a bad thing.

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.