Widespread fear is your friend as an investor, because it serves up bargain purchases. Personal fear is your enemy. It will also be unwarranted.

The stock market remains an exceptionally efficient mechanism for the transfer of wealth from the impatient to the patient.

Avoid popularity. It has many snares, and no real benefit.

You miss 100 percent of the shots you never take.

We simply attempt to be fearful when others are greedy and to be greedy when others are fearful.