Quotes

As corporate profits increase, corporations become more valuable, and sooner or later, their shares will sell for a higher price.

What makes stocks valuable in the long run isn't "the market." It's the profitability of the shares in the companies you own.

Long-term bonds can be almost as volatile as stocks. They have their own corrections.

As soon as you realize you can afford to wait out any correction, the calamity also becomes an opportunity to pick up bargains.

Far more money has been lost by investors preparing for corrections or trying to anticipate corrections than has been lost in corrections themselves.

I've never understood the apocalyptic theory of investing. If the world really does collapse, is it really going to do you any good to have a few Krugerrands in your pocket?

There's no such thing as a worry-free investment. The trick is to separate the valid worries from the idle worries, and then check the worries against the facts.

It's worth reminding ourselves from time to time that gyrations in a stock price may tell us absolutely nothing about the prospects of the company involved.

The first task of the bargain hunter is to narrow the field and separate the solid prospects from the ones that are counting on hopes, prayers, and miracles.

There's a psychological benefit to tossing the bums out: The names disappear from the monthly brokerage statements; we're no longer reminded of our mistakes.

Missing the bottom on the way up won't cost you anything. It's missing the top on the way down that's always expensive.

Fast-growing companies can't be expected to keep up the pace forever. Eventually, they reach middle age and lose some of their oomph, just like the rest of us.