Long ago, Ben Graham taught me that "Price is what you pay; value is what you get." Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.

In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.

I made my first investment at age eleven. I was wasting my life up until then.

If at first you do succeed, quit trying on investing.

The plan itself is opportunism. There is no plan before that.

Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.

Never do anything in life if you would be ashamed of seeing it printed on the front page of your hometown newspaper for your friends and family to see.