If you can't read the scoreboard. You don't know the score. If you don't know the score, you can't tell the winners from the losers.

I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.

If you own a wonderful business...the best thing to do is keep it. All you're going to do is trade your wonderful business for a whole bunch of cash, which isn't as good as the business, and you got the problem of investing in other businesses, and you probably paid a tax in between. So my advice to anybody who owns a wonderful business is keep it.

Equities will do well over time - you just have to avoid getting excited when other people are getting excited.

An investor should act as though he had a lifetime decision card with just twenty punches on it.

Observing that the market was FREQUENTLY efficient, EMT Adherents went on to conclude incorrectly that it was ALWAYS efficient. The difference between these propositions is night and day.

What the wise do in the beginning, fools do in the end.