The greater the potential for reward in the value portfolio, the less risk there is.
We will reject interesting opportunities rather than over-leverage our balance sheet.
Stop trying to predict the direction of the stock market, the economy or elections.
They [Goverment] take from the woman who comes in and takes the wastebaskets out.
I have never been able to understand why the tax comes as such a body blow to many people since the rate on long-term capital gain is lower than on most likes of endeavor (tax policy indicated digging ditches is regarded as socially less desirable than shuffling stock certificates).
I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.