If principles can become dated, they're not principles.

The trick is, when there is nothing to do, do nothing.

The commission of the investment sins listed above is not limited to 'the little guy.' Huge institutional investors, viewed as a group, have long underperformed the unsophisticated index-fund investor who simply sits tight for decades. A major reason has been fees: Many institutions pay substantial sums to consultants who, in turn, recommend high-fee managers. And that is a fool's game.

The rich invest in time, the poor invest in money.

I tell college students, when you get to be my age you will be successful if the people who you hope to have love you, do love you.

... not doing what we love in the name of greed is very poor management of our lives.

You can't produce a baby in one month by getting nine women pregnant.