Investment must be rational; if you can't understand it, don't do it.

Never depend on single income. Make investment to create a second source.

In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.

The first rule is not to lose. The second rule is not to forget the first rule.

If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don't need extraordinary intelligence to succeed as an investor.

There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.

If you hit a hole in one every hole, you wouldn’t play golf for very long.