It's a big mistake to try and mislead people. They will turn around.

You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself

The stockmarket is a semi-psychotic creature given to extremes of elation and despair.

A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons: First, many in Wall Street (a community in which quality control is not prized) will sell investors anything they will buy. Second, speculation is most dangerous when it looks easiest.

If book knowledge made great investors, than the librarians would all be rich.

The thing to do is to keep your mind when the world around you is losing theirs.

We enjoy the process far more than the proceeds.