Courage is a function of process.

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

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

It sounds kind of crazy, but in times of turmoil in the market, I've felt a sort of serenity in knowing that I've checked and re-checked my work, one plus one still equals two regardless of where a stock trades right after I buy it.

The overwhelming majority of people are comfortable with consensus, but successful investors tend to have a contrarian bent.

There is an old saying, "How did you go bankrupt?" And the answer is, "Gradually, and then suddenly." The impending fiscal crisis in the United States will make its appearance in the same way.

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.