Money will not change how healthy you are or how many people love you.

The Fed is the greatest hedge fund in history.

SUPPOSE that an investor you admire and trust comes to you with an investment idea. This is a good one, he says enthusiastically. I'm in it, and I think you should be, too.

Don't invest in pieces of papers (stocks), invest in great businesses underlying them

It's quite clear that stocks are cheaper than bonds. I can't imagine anybody having bonds in their portfolio when they can own equities, a diversified group of equities. But people do because they, the lack of confidence. But that's what makes for the attractive prices. If they had their confidence back, they wouldn't be selling at these prices. And believe me, it will come back over time.

Don't risk what is important to you, to get what is not important to you.

Wide diversification is only required when investors do not understand what they are doing.