You have to understand what market history looks like. What market history tells you is that the very, very best investments are made when things look the worst.

For the taxable investor, indexing means never having to say you're sorry.

Bluntly put, there's no chance that your doctor, dentist, or attorney is a high-school dropout. Your stockbroker, however, just might be.

The purpose of investing is not to simply optimise returns and make yourself rich. The purpose is not to die poor.

The reason that 'guru' is such a popular word is because 'charlatan' is so hard to spell.

There are two kinds of investors, be thay large or small: those who don't know where the market is headed, and those who don't know that they don't know.

99% of fund managers demonstrate no evidence of skill whatsoever.

If your broker or investment advisor is not familiar with the concept of standard deviation of returns, get a new one.

Wall Street is littered with the bones of those who knew just what to do, but could not bring themselves to do it.

All the things that make us human make us terrible investors and you have to understand what they are and how to avoid them.

When it comes to fund managers and market strategists, this year's hero usually turns into next year's zero.

The journey of the sun and moon is predictable. But yours, is your ultimate art.

In war there is no substitute for victory.

But I found that disappointing people is a good thing, because disapproval is freedom.

I always quit at three when my kids come home from school so I feel pretty spoiled

Ah, God! what trances of torments does that man endure who is consumed with one unachieved revengeful desire. He sleeps with clenched hands; and wakes with his own bloody nails in his palms.

I have that working class fear of having nothing. I've always got one eye on what's in the bank.

I really wanted to break the mold of what modern touring is right now.

Building democracy as an imposition from abroad is a form of imperialism.

Today was a reality check. Yesterday's rally was over-exuberant.

I rank myself no higher in the scheme of things than a policeman - whose utility would disappear if there were no criminals.