Skewed towards fundamental analysis, these words are not my own. Feel free to guess, I'll buy a beer for the first person who guesses the author correctly.
In other words, I continue to think like an amateur as frequently as possible.
Stocks are most likely to be accepted as prudent at the moment they are not.
Six out of ten is all it takes to have an enviable record on Wall Street.
Only invest what you can afford to lose without that loss having any effect on your daily life in the foreseeable future.
Investing without research is like playing stud poker and never looking at the cards.
Although it's easy to forget sometimes, a share is not a lottery ticket.It's part ownership of a business.
When looking at the same sky, people in mature industries see clouds where people in immature industries see pie.
If you can't convince yourself “When I'm down 25%, I'm a buyer” and banish the fatal thought “When I'm down 25%, I'm a seller,” then you'll never make a decent profit in stocks.
When the operas outnumber the football games 3 to 0, you know there is something wrong with your life.
Gentlemen who prefer bonds don't know what they are missing.
Never invest in any idea you can't illustrate with a crayon.
You can't see the future through a rearview mirror.
There's no point paying Yo-Yo Ma to play a radio.
As long as you're picking a fund, you might as well pick a good one.
The extravagance of any corporate office is directly proportional to management's reluctance to reward the shareholders.
When yields on long-term bonds exceed the dividend yield of the S&P 500 by 6% or more, sell your stocks and buy bonds.
Not all common stocks are equally common.
Never look back when you're traveling on the autobahn.
The best stock to buy may be one you already own.
A sure cure for taking a stock for granted is a big drop in the price.
Never bet on a comeback while they're playing “Taps.”
If you like the store, chances are you'll love the stock. When insiders are buying, it's a good sign – unless they happen to be New England bankers.(modern times it would be Lehman or Bear Stearns)
In business, competition is never as healthy as total domination.
All else being equal, invest in the company with the fewest color photographs in the annual report.
When even the analysts are bored, it's time to start buying.
Unless you're a short seller or a poet looking for a wealthy spouse, it never pays to be pessimistic.
Corporations, like people, change their names for two reasons: either they've gotten married, or they've been involved in some fiasco that they hope the public will forget.
Whatever the queen is selling, buy it.
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