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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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You can lose money very fast, in two months, but you very rarely make money very fast in the stock market. When I look back, my great stocks took a long time to work out.

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If you’re lucky enough to have one golden egg in your portfolio, it may not matter if you have a couple of rotten ones in there with it.

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