The avoidance of loss is the surest way to ensure a profitable outcome.

Patience and discipline can make you look foolishly out of touch until they make you look prudent and even prescient

Targeting investment returns leads investors to focus on potential upside rather on downside risk ... rather than targeting a desired rate of return, even an eminently reasonable one, investors should target risk.

Loss avoidance must be the cornerstone of your investment philosophy.

Investors should always keep in mind that the most important metric is not the returns achieved but the returns weighed against the risks incurred. Ultimately, nothing should be more important to investors than the ability to sleep soundly at night.

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

Analysts recommendations may not produce good results. In part this is due to the pressure placed on these analysts to recommend frequently rather than wisely.