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Success in investing doesn’t correlate with IQ

You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.

An investor should act as though he had a lifetime decision card with just twenty punches on it.

The stock market is designed to transfer money from the active to the patient.

Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.

All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.

Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.

Time is the friend of the wonderful company, the enemy of the mediocre.
