The best values today are often found in the stocks that were once hot and have since gone cold.
By developing your discipline and courage, you can refuse to let other people’s mood swings govern your financial destiny. In the end, how your investments behave is much less important than how you behave.
The investment world nevertheless has enough liars, cheaters, and thieves to keep Satan’s check-in clerks frantically busy for decades to come.
Before you place your financial future in the hands of an adviser, it’s imperative that you find someone who not only makes you comfortable but whose honesty is beyond reproach.
If the reason people invest is to make money, then in seeking advice they are asking others to tell them how to make money. That idea has some element of naïveté.
Abnormally good or abnormally bad conditions do not last forever.
Astute observers of corporate balance sheets are often the first to see business deterioration.
The work of a financial analyst falls somewhere in the middle between that of a mathematician and of an orator.
Our favorite holding period is forever.
Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
If a business does well, the stock eventually follows.
In the business world, the rear view mirror is always clearer than the windshield.
Predicting rain doesn’t count. Building arks does.
The most important thing to do if you find yourself in a hole is to stop digging.
Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No.1.
Price is what you pay. Value is what you get.
A Penny Saved is a Penny Earned.
Money is not the only answer, but it makes a difference.