So while I was in college I did a little study on the freight industry, the air freight industry. And I looked at this company called Flying Tiger. And I actually put a thousand dollars in it and I remember I thought this air cargo was going to be a thing of the future.

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.

If you can find a company that can get away with raising prices year after year without losing customers (an addictive product such as cigarettes fills the bill), you've got a terrific investment.

You should not buy a stock because it's cheap but because you know a lot about it.

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.

In our society, it's been the men who've handled most of the finances, and the women who've stood by and watched men botch things up.

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