I want to be able to explain my mistakes. This means I do only the things I completely understand.

Investing requires qualities of temperament way more than it requires qualities of intellect.

You are neither right nor wrong because the crowd disagrees with you.

Investing is forgoing consumption now in order to have the ability to consume more at a later date.

Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.

...I will give you two pieces of advice. Invest as much in yourself as you can; you are your own best asset by far. Then follow your passion; you want to be really excited to get out of bed every morning.

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