People will always try to stop you from doing the right thing if it is unconventional.

The only time to buy these is on a day with no 'y' in it.

It irritates the hell out of me but you can't buy love.

It's quite clear that stocks are cheaper than bonds. I can't imagine anybody having bonds in their portfolio when they can own equities, a diversified group of equities. But people do because they, the lack of confidence. But that's what makes for the attractive prices. If they had their confidence back, they wouldn't be selling at these prices. And believe me, it will come back over time.

Benign neglect, bordering on sloth, remains the hallmark of our investment process.

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.

First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy.