All the time and effort people devote to picking the right fund, the hot hand, the great manager have, in most cases, led to no advantage.

The more cash that builds up in the treasury, the greater the pressure to piss it away.

My method for picking stocks has never changed. When businesses go from crappy to semicrappy, there's money to be made.

If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored.

Your investor's edge is not something you get from Wall Street experts. It's something you already have. You can outperform the experts if you use your edge by investing in companies or industries you already understand.

It's human nature to keep doing something as long as it's pleasurable and you can succeed at it, which is why the world population continues to double every 40 years.

Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed.