The Basic Story Remains Simple

Logic Is The Subject That Has Helped Me Most In Picking Stocks, If Only Because It Taught Me To Identify The Peculiar Illogic Of Wall Street. Actually Wall Street Thinks Just As The Greeks Did. The Early Greeks Used To Sit Around For Days And Debate How Many Teeth A Horse Has. They Thought They Could Figure It Out Just By Sitting There, Instead Of Checking The Horse. A Lot Of Investors Sit Around And Debate Whether A Stock Is Going Up, As If The Financial Muse Will Give Them The Answer, Instead Of Checking The Company.

There's Lots Of Stocks Out There And All You Need Is A Few Of 'em. That's Been My Philosophy.

Never Invest In Anything That Cannot Be Illustrated With A Crayon

A Lot Of People Got In At The Wrong Time. A Lot Of People Did Very Well And Some People Said, "this Is It. I'll Never Get Back In Again." And They Maybe Meant It, But They Probably Got Back In Again Anyway.

Investing In Stocks Is An Art, Not A Science, And People Who've Been Trained To Rigidly Quantify Everything Have A Big Disadvantage.