If another person were to enter the building, it would once again be empty.

Courage is a function of process.

We don't deal in absolutes. We deal in probabilities.

The cost of performing well in bad times can be relative underperformance in good times.

You need humility to say 'I might be wrong.'

Limit risk with: Deep analysis Bargain purchase Sensitivity analysis.

Short-term performance envy causes many of the shortcomings that lock most investors into a perpetual cycle of underachievement. Watch your competitors not out of jealousy but out of respect and focus your efforts not on replicating others' portfolios but on looking for opportunities where they are not. The only way for investors to significantly outperform is to periodically stand far apart from the crowd, something few are willing, or able, to do.