Never invest in a business you don't understand.

My father was the best person i've ever known.

Read Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them.

Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.

The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs.

A pack of lemmings looks like a group of rugged individualists compared with Wall Street when it gets a concept in its teeth.

What motivates most gold purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As 'bandwagon' investors join any party, they create their own truth - for a while.