If you're lucky enough to have been rewarded in life to the degree that I have, there comes a point at which you have to decide whether to become a slave to your net worth by devoting the rest of your life to increasing it or to let what you've accumulated begin to serve you.

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

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

You can find good reasons to scuttle your equities in every morning paper and on every broadcast of the nightly news.

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.

You have to keep your priorities straight if you plan to do well in stocks.

If you're lucky enough to have been rewarded in life to the degree that I have, there comes a point at which you have to decide whether to become a slave to your net worth by devoting the rest of your life to increasing it or to let what you've accumulated begin to serve you.