We're perfectly willing to trade away a big payoff for a certain payoff.

By periodically investing in an index fund, the know-nothing investors can actually outperform most investment professionals.

Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.

Ignore the stock market, ignore the economy, and buy a business you understand.

Do not take yearly results too seriously. Instead, focus on four or five-year averages.

I'm always interested in understanding the math of things and understanding as much as I can about all aspects of business. And what I learn today may be useful to me two years from now. That's really the wonderful thing about investments is your knowledge is cumulative.

We're perfectly willing to trade away a big payoff for a certain payoff.