Nobody can predict interest rates, the future direction of the economy or the stock market. Dismiss all such forecasts and concentrate on what's actually happening to the companies in which you've invested

As I look back on it now, it's obvious that studying history and philosophy was much better preparation for the stock market than, say, studying statistics.

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

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.

When people discover they are no good at baseball or hockey, they put away their bats and their skates and they take up amateur golf or stamp collecting or gardening. But when people discover they are no good at picking stocks, they are likely to continue to do it anyway.

The basic story remains simple and never-ending. Stocks aren't lottery tickets. There's a company attached to every share.

Owning stocks is like having children - don't get involved with more than you can handle.