Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard.

The fact that people will be full of greed, fear or folly is predictable.The sequence is not predictable.

Investment students need only two well-taught courses - How to Value a Business and How to Think About Market Prices.

Stocks are the only thing that people are happy to buy when the price goes up.

Buy companies with strong histories of profitability and with a dominant business franchise.

Sound investing can make you very wealthy if you're not in too big a hurry.