Wide diversification is only required when investors do not understand what they are doing.

Investment decision should be made on the basis of the most probable compounding of after-tax net worth with minimum risk.

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.

I think the worst mistake you can make in stocks is to buy or sell based on current headlines.

The most important investment you can make is in yourself... nobody can tax it or take it away from you.

Be fearful when there is greed and be greedy when there is fear.