I don't want to be on the other side of the table from the customer. I was never selling anything that I didn't believe in myself or use myself.

What's hot today isn't likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don't follow the herd.

When people tell me they've learned from experience, I tell them the trick is to learn from other people's experience.

You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.

Let blockheads read what blockheads wrote.

All day you wait for the pitch you like; then when the fielders are asleep, you step up and hit it.

The optimum portfolio depends on the various expectations of choices available and the degree of variance in performance which is tolerable. The greater the number of selections, the less will be the average year-to-year variation in actual versus expected results. Also, the lower will be the expected results, assuming different choices have different expectations of performance.