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

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.

Everyone has the brain power to make money in stocks. Not everyone has the stomach.

The biggest winners are surprises to me, and takeovers are even more surprising. It takes years, not months, to produce big results.

Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.

There's lots of stocks out there and all you need is a few of 'em. That's been my philosophy.

Most investors would be better off in an index fund.