My rather puritanical view is that any investment manager, whether operating as broker, investment counselor of a trust department, investment company, etc., should be willing to state unequivocally what he is going to attempt to accomplish and how he proposes to measure the extent to which he gets the job done.

Truly conservative actions arise from intelligent hypotheses, correct facts and sound reasoning.

Always invest for the long term.

Read 500 pages every day. That's how knowledge works. It builds up like compound interest.

As far as you are concerned, the stock market does not exist. Ignore it.

Money will always flow toward opportunity, and there is an abundance of that in America.

It's a lot easier to buy things than it is to sell them.