It's incredibly important to note that when you don't allow failure, you get more failure.

All an investor can do is follow a consistently disciplined and rigorous approach; over time the returns will come

Having clients with a long-term orientation is crucial. Nothing else is as important to the success of an investment firm.

Always look for forced urgent selling.

We worry top-down, but we invest bottom-up

The trick of successful investors is to sell when they want to, not when they have to.

Over the long run, the crowd is always wrong.