We really can say no in 10 seconds or so to 90%+ of all the things that come along simply because we have these filters.

In the insurance business, there is no statute of limitation on stupidity.

Do what you love and work for whom you admire the most, and you've given yourself the best chance in life you can.

The value of market esoterica to the consumer of investment advice is a different story. In my opinion, investment success will not be produced by arcane formulae, computer programs or signals flashed by the price behavior of stocks and markets. Rather an investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.

If you expect to be a net saver during the next 5 years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. This reaction makes no sense. 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.

I don't measure my life by the money I've made. Other people might, but certainly don't.

Fear is the foe of the faddist, but the friend of the fundamentalist.