Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard.

You shouldn't own common stocks if a 50 per cent decrease in their value in a short period of time would cause you acute distress.

When you combine ignorance and leverage, you get some pretty interesting results.

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

If you cannot control your emotions, you cannot control your money.

I don't try and guess when to get in and out of the market. I have owned stocks consistently since 1942. I owned the - I was buying stocks the day before the election. I was buying the same stocks the day after election. And if Hillary had been elected, it would have been the same thing.

You don't need to be an expert in order to achieve satisfactory investment returns. But if you aren't, you must recognize your limitations and follow a course certain to work reasonably well. Keep things simple and don't swing for the fences.