If you don't know the Jewelry, know the Jeweller

Knowing what to leave out is just as important as knowing what to focus on.

I don't measure my life by the money I've made. Other people might, but certainly don't.

You don't need to be an expert in order to achieve satisfactory investment returns. But if you aren't, you must recognize your limitations and follow a course certain to work reasonably well. Keep things simple and don't swing for the fences.

If we have a strength, it is in recognizing when we are operating well within our circle of competence and when we are approaching the perimeter.

Investing is forgoing consumption now in order to have the ability to consume more at a later date.

Truly conservative actions arise from intelligent hypotheses, correct facts and sound reasoning.