Patience is a crucial but rare investment commodity.

I paraphrase Lord Rothschild: ‘The time to buy is when there's blood on the streets.'

Psychology is probably the most important factor in the market - and one that is least understood.

Experience teaches us that when "everyone" comes to the same conclusion, that conclusion is just about always wrong.

Investors repeatedly jump ship on a good strategy just because it hasn't worked so well lately, and, almost invariably, abandon it at precisely the wrong time.

If you have good stocks and you really know them, you'll make money if you're patient over three years or more.

Favored stocks underperform the market, while out-of-favor companies outperform the market, but the reappraisal often happens slowly, even glacially.

One of the big problems with growth investing is that we can't estimate earnings very well. I really want to buy growth at value prices. I always look at trailing earnings when I judge stocks.

Bank One has got one of the best credit card divisions, ... The perception of investors is that financial services stocks are affected by interest rates and they're not.

History constantly reminds us that in an uncertain world there is no visibility of prospects. Future earnings cannot be predicted with accuracy.

A good starting point [in the measurement of investment risk] is the preservation and enhancement of your purchasing power in real terms.

In wine is truth, and the truth had all come out, "that is, all the uncleanness of his coarse and envious heart"!

Why pray and live in doubts and fears afterwards? Don't you trust God anymore?

Once a Raider, always a Raider.

The greatest misfortune of all is not to be able to bear misfortune.

I'm on the verge of tears by the time we arrive at Pastels since I'm positive we won't get seated but the table is good, and relief that is almost tidal in scope washes over me in an awesome wave.

This pouring thoughts out on paper has relieved me. I feel better and full of confidence and resolution.

Sometimes you have to let people down in order to get on, particularly in showbusiness.

Your body's many cries for water: you are not sick, you are thirsty: don't treat thirst with medications!

Fate always gives you two choices, the one you should take, and the one you do.

What thoughts are to the individual, art is to the community as a whole. That's where you reflect on who you are, who you hope to be, what you've gone through, and where you hope to go.