Investing is the intersection of economics and psychology.

Never stop reading. History doesn't repeat, but it does rhyme.

Avoiding where others go wrong is an important step in achieving investment success. In fact, it almost assures it.

In investing it is never wrong to change your mind. It is only wrong to change your mind and do nothing about it.

A tipping point is invisible, as we just saw in Greece. In most situations, everything appears fine until it's not fine, until, for example, no one shows up at a Treasury auction.

Generally, the greater the stigma or revulsion, the better the bargain.

Value investing is predicated on the efficient market hypothesis being wrong.