Rule No.1: Never Lose Money. Rule No.2:

As Far As You Are Concerned, The Stock Market Does Not Exist. Ignore It.

Our Approach Is Very Much Profiting From Lack Of Change Rather Than From Change.

If Past History Was All There Was To The Game, The Richest People Would Be Librarians.

It's Nice To Have A Lot Of Money, But You Know, You Don't Want To Keep It Around Forever. I Prefer Buying Things. Otherwise, It's A Little Like Saving Sex For Your Old Age.

An Argument Is Made That There Are Just Too Many Question Marks About The Near Future; Wouldn't It Be Better To Wait Until Things Clear Up A Bit? You Know The Prose: "maintain Buying Reserves Until Current Uncertainties Are Resolved," Etc. Before Reaching For That Crutch, Face Up To Two Unpleasant Facts: The Future Is Never Clear And You Pay A Very High Price For A Cheery Consensus. Uncertainty Actually Is The Friend Of The Buyer Of Long-term Values.