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.

My view is that an investor is better off knowing a lot about a few investments than knowing a little about each of a great many holdings. One's very best idea's are likely to generate higher returns for a given level of risk than one's hundredth or thousandth best idea.

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

All investors must come to terms with the relentless continuity of the investment process.

The prevailing view has been that the market will earn a high rate of return if the holding period is long enough, but entry point is what really matters.

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

Courage is a function of process.