We don't get paid for being busy, we get paid for being right.

Success is having people love you that you want to have love you.

A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.

If you expect to be a net saver during the next 5 years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.

In fact, in my adult lifetime, I don't think I've ever seen people as fearful economically as they are right now.

A pin lies in wait for every bubble and when the two eventually meet, a new wave of investors learns some very old lessons.

Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.