Buy a business, don't rent stocks.

A stock doesn't know that you own it.

Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.

The difference between successful people and really successful people is that really successful people say no to almost everything.

It takes 150 years to build an investment bank and only five minutes to convince you to sell me preferred stock in it at a 10% interest rate.

Very successful people say no to almost everything.

I have never been able to understand why the tax comes as such a body blow to many people since the rate on long-term capital gain is lower than on most likes of endeavor (tax policy indicated digging ditches is regarded as socially less desirable than shuffling stock certificates).