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The word user is the word used by the computer professional when they mean idiot.

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Martin J. Whitman

We attracted a lot of market timers and asset allocators. I don't need those. . . amateurs in my fund.

Allocators, Assets, Attracted, Fund, Investing, Needs
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Diversification is a surrogate - and a damn poor surrogate - for knowledge, elements of control, and priceconsciousness.

Diversification, Elements, Investing, Poor, Priceconsciousness, Surrogate

Based on my own personal experience – both as an investor in recent years and an expert witness in years past – rarely do more than three or four variables really count. Everything else is noise.

Count, Experts, Four, Past, Rarely, Years

If I learn 1,000 techniques with my luck I'll go out on the street and be attacked by number 1,001.

1001, Attacked, Luck, Numbers, Technique

Rarely do more than three or four variables really count. Everything else is noise.

Everything, Four, Investing, Rarely, Three, Variables

We ignore outlooks and forecasts. . . we're lousy at it and we admit it. . . everyone else is lousy too, but most people won't admit it.

Everyone, Investing, Investment, Lousy, People
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