Silver is of less value than gold, gold than virtue.
Nothing important on Wall Street can be counted on to occur exactly in the same way as it happened before.
Investing isn't about beating others at their game. It's about controlling yourself at your own game.
The best way to measure your investing success is not by whether you're beating the market but by whether you've put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.
Losing some money is an inevitable part of investing, and there's nothing you can do to prevent it. But to be an intelligent investor, you must take responsibility for ensuring that you never lose most or all of your money.
A great company is not a great investment if you pay too much for the stock.
Successful investing is about managing risk, not avoiding it.
To have control of my own mind. . . to go with dignity is less terryfying. When I look at both options I have to die, I feel this is far more humane.
Big success requires big sacrifices. Don't find out later that the cost was too high. Denial is said to be even more potent than cocaine; neither drug enhances your marketability.
By suprematism I mean the supremacy of pure feeling in creative art.
Surviving, that's all. That's all I have in mind.