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

Investing is laying out money now to get more money back in the future.

The dumbest reason in the world to buy a stock is because it's going up.

The true investor welcomes volatility ... a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses.

I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

Old men are always advising young men to save money. That is bad advice. Don't save every nickel. Invest in yourself. I never saved a dollar until I was forty years old.