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

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

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

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