The best way in my view is to just buy a low-cost index fund and keep buying it regularly over time, because you'll be buying into a wonderful industry, which in effect is all of American industry... People ought to sit back and relax and keep accumulating over time.

I think the worst mistake you can make in stocks is to buy or sell based on current headlines.

When forced to choose, I will not trade even a night's sleep for the chance of extra profits.

Look for companies with high profit margins.

We enjoy the process far more than the proceeds.

Stocks are the only thing that people are happy to buy when the price goes up.

We've had public companies in the past in that business and they bleed. We've got a lot more blood than they do.