I made my first investment at age eleven. I was wasting my life up until then.

You're neither right nor wrong because other people agree with you. You're right because your facts are right and your reasoning is right - that's the only thing that makes you right. And if your facts and reasoning are right, you don't have to worry about anybody else.

Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.

We look for things I can understand. A lot of businesses I don't understand.

Most investors, both institutional and individual, will find that the best way to own common stocks (shares') is through an index fund that charges minimal fees. Those following this path are sure to beat the net results (after fees and expenses) of the great majority of investment professionals.

It's a lot easier to buy things than it is to sell them.

In the long run managements stressing accounting appearance over economic substance usually achieve little of either.