The Stock Market is designed to transfer money from the Active to the Patient.

Every company that has an economist working for him has one employee too many.

Only when you combine sound intellect with emotional discipline do you get rational behavior.

Beware [of] the investment activity that produces applause; the great moves are usually greeted by yawns.

I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

I’ve never believed in risking what my family and friends have and need in order to pursue what they don’t have and don’t need.

The financial calculus that Charlie and I employ would never permit our trading a good night's sleep for a shot at a few extra percentage points of return. I've never believed in risking what my friends and family have and need in order to pursue what they don't have and don't need.