Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.

I have worked with investors for 60 years and I have yet to see anyone - not even when capital gains rates were 39.9 percent in 1976-77 - shy away from a sensible investment because of the tax rate on the potential gain.

I find that the standard of living does not go up in proportion with the cost of living. The trick in life is to do things that are fun all the time.

When people tell me they've learned from experience, I tell them the trick is to learn from other people's experience.

If you expect to continue to purchase stocks throughout your life, you should welcome price declines as a way to add stocks more cheaply to your portfolio.

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

Buy stocks like you buy your groceries, not like you buy your perfume.