The investor of today does not profit from yesterday's growth.

There's nothing inappropriate about having debt in America. It's what helped us grow over time. And it's when debt gets out of control that you worry.

The greatest Enemies of the Equity investor are Expenses and Emotions.

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

If you don’t feel comfortable making a rough estimate of the asset’s future earnings, just forget it and move on. No one has the ability to evaluate every investment possibility. But omniscience isn’t necessary; you only need to understand the actions you undertake.

What we learn from history is that people don't learn from history.

Other guys read Playboy. I read annual reports.