Long ago, Ben Graham taught me that "Price is what you pay; value is what you get." Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.

The Stock Market is designed to transfer money from the Active to the Patient.

The ability to say no is a tremendous advantage for an investor.

The investor of today does not profit from yesterday's growth.

The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.

I'm an investor in a number of biotech companies, partly because of my incredible enthusiasm for the great innovations they will bring.