Credit worthiness is like virginity, it can be preserved but not restored very easily, so it is crazy to play around with it.

A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth.

There seems to be some perverse human characteristic that likes to make easy things difficult.

It is easier to rationalize than it is to be rational.

When they get their ego involved, people do things they shouldn't do.

Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.

Turnarounds seldom turn.