Investing is laying out money now to get more money back in the future.

I mean, you know, you're not going to change the human animal. And the human animal really doesn't get a lot smarter.

A contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling.

If you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or - whomever around their office.

Although we deal with probabilities and expectations, the actual results can deviate substantially from such expectations, particularly on a short-term basis.

Like most trends, at the beginning it's driven by fundamentals, at some point speculation takes over. What the wise man does in the beginning, the fool does in the end.

Lethargy, bordering on sloth should remain the cornerstone of an investment style.