The stock market is a no-called-strike game. You don't have to swing at everything — you can wait for your pitch. The problem when you're a money manager is that your fans keep yelling, "Swing, you bum!"

I just read and read and read. ... I have always enjoyed reading.

Investment is most intelligent when it is most businesslike.

Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.

You are neither right nor wrong because people agree with you.

The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.