You can't wait for an opportunity to become obvious.

To understand what is coming at you, you need to understand what happened before you.

If you don't understand a company, if you can't explain it to a ten-year-old in 2 minutes or less, don't own it.

Don’t look for the needle in the haystack. Just buy the haystack!

Success in investing doesn't correlate with I.Q. Once you are above the level of 125; once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.

If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.