A stock doesn't know that you own it.

If you want to soar like an eagle in life, you can't be flocking with the turkeys.

The fact that people will be full of greed, fear, or folly is predictable. The sequence is not predictable.

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.

When it's raining gold, reach for a bucket, not a thimble.

With enough insider information and a million dollars, you can go broke in a year.

Interest rates are to asset prices what gravity is to the apple. When there are low interest rates, there is a very low gravitational pull on asset prices.