The person who takes no chances generally must take whatever is left over after others have finished choosing. Overcaution is as bad, if not worse, than lack of caution. Both should be avoided. Life will always contain an element of chance. Not to win is not a sin. But not to try is a tragedy.

A mutual fund can do for you what you would do for yourself if you had sufficient time, training, and money to diversify, plus the temperament to stand back from your money and make rational decisions.

Luck happens when preparedness and opportunity get together.

I do believe I can forgive almost any shortcoming a person may have except lack of enthusiasm.

One characteristic that I have observed about the timing of all good traders is that they never try to squeeze out the last point in a stock.

Money is like a flower. If you squeeze it, you will crush the life out of it. You must let it blossom forth to reveal its full beauty.

There are only three things you can do with a dollar: spend, loan, or own.