The wise man guards against the future as if it were the present.
My method for picking stocks has never changed. When businesses go from crappy to semicrappy, there's money to be made.
The stock market really isn't a gamble, as long as you pick good companies that you think will do well, and not just because of the stock price.
Never invest in a company without understanding its finances. The biggest losses in stocks come from companies with poor balance sheets.
When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.
The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.
Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.
I'll make music, whether or not anyone is listening, for the rest of my life. It's a natural form of expression for me, the same way I draw and write and sing.
Reason and emotion counsel and supplement each other. Whoever heeds only the one, and puts aside the other, recklessly deprives himself of a portion of the aid granted us for the regulation of our conduct.
One of the regime's most important tactics is the creation of a third force in the country.
Rich, poor, Panhandle, Gulf, city, country, Texas is the obsession, the proper study, and the passionate possession of all Texans.