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.

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

Never test the depth of river with both the feet.

Other guys read Playboy. I read annual report

Success in investing doesn't correlate with I.Q. Once you are above the level of 25; once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.