In the long run, it's not just how much money you make that will determine your future prosperity. It's how much of that money you put to work by saving it and investing it.

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.

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.

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.

It only takes a handful of big winners to make a lifetime of investing worthwhile.

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

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.