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

Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.

I don't try and guess when to get in and out of the market. I have owned stocks consistently since 1942. I owned the - I was buying stocks the day before the election. I was buying the same stocks the day after election. And if Hillary had been elected, it would have been the same thing.

I bought my first stock in 1942, in the summer of '42. I was 11 years old. And so 75 years have gone by. And I have never known what the market's going to do the next day. And that's not my game. My game is to decide whether I'm in the right economy, which America's definitely been ever since that time. The Dow has gone from 100 to 21,000 during that time. And no matter what the headlines say, or terrible things are happening - we were losing the war in the Pacific when I first bought stocks.

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

Risk comes from not knowing what you're doing.

Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.