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

Wall Street can be a dangerous place for investors. You have no choice but to do business there, but you must always be on your guard. The standard behavior of Wall Streeters is to pursue maximization of self-interest; the orientation is usually short term. This must be acknowledged, accepted, and dealt with. If you transact business with Wall Street with these caveats in mind, you can prosper. If you depend on Wall Street to help you, investment success may remain elusive.

Value in relation to price, not price alone, must determine your investment decisions. If you look to Mr Market as a creator of investment opportunities (where price departs from underlying value), you have the makings of a value investor. If you insist on looking to Mr Market for investment guidance however, you are probably best advised to hire someone else to manage your money.

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

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

Over the long run, the crowd is always wrong.

Do not suffer interim losses, relish and appreciate them