An investor should act as though he had a lifetime decision card with just twenty punches on it.
Warren BuffettHow do you beat Bobby Fischer? You play him at any game but chess. I try to stay in games where I have an edge.
Warren BuffettMost investors, both institutional and individual, will find that the best way to own common stocks (shares') is through an index fund that charges minimal fees. Those following this path are sure to beat the net results (after fees and expenses) of the great majority of investment professionals.
Warren BuffettThere is no question that an important service is provided to investors by investment companies, investment advisors, trust departments, etc. This service revolves around the attainment of adequate diversification, the preservation of a long-term outlook, the ease of handling investment decisions and mechanics, and most importantly, the avoidance of the patently inferior investment techniques which seem to entice some individuals.
Warren Buffett