Know what you own, and know why you own it.

I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'

I'm always fully invested. It's a great feeling to be caught with your pants up.

There seems to be an unwritten rule on Wall Street: If you don't understand it, then put your life savings into it. Shun the enterprise around the corner, which can at least be observed, and seek out the one that manufactures an incomprehensible product.

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

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.

If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes