The true investor welcomes volatility ... a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses.

If you buy the things you don't need, you will soon be selling the things that you need.

Focus alone is not enough; putting in the time to commit is also crucial to achieve success.

The value of market esoterica to the consumer of investment advice is a different story. In my opinion, investment success will not be produced by arcane formulae, computer programs or signals flashed by the price behavior of stocks and markets. Rather an investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.

Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard.

People always should know better. People don't get - they don't get smarter about things that get as basic as greed.

We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'