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The investor’s chief problem – and even his worst enemy – is likely to be himself.

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Losing some money is an inevitable part of investing, and there’s nothing you can do to prevent it.But to be an intelligent investor, you must take responsibility for ensuring that you never lose most or all of your money.

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High valuations entail high risks.

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Investing is most intelligent when it is most businesslike.

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Investing isn’t about beating others at their game. It’s about controlling yourself at your own game.

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In the short run, the market is a voting machine, but in the long run it is a weighing machine.

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Successful investing is about managing risk, not avoiding it.

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The intelligent investor is a realist who sells to optimists and buys from pessimists.

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Successful investing is about managing risk, not avoiding it.

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As corporate profits increase, corporations become more valuable, and sooner or later, their shares will sell for a higher price.

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