You don't have to be a genius to invest well

You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.

The Noah rule: Predicting rain doesn't count; building arks does.

Wall Street makes its money on activity. You make your money on inactivity.

Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected at some point in market price.

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

It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 100 percent income tax but doesn't seem to notice that 5 percent inflation is the economic equivalent.