“Both a priori reasoning and experience teach us that as as these funds grow larger the geometrical rate of growth by compound interest ultimately defeats itself.”

Before you place your financial future in the hands of an adviser, it’s imperative that you find someone who not only makes you comfortable but whose honesty is beyond reproach.

It is a misfortune of the times that all of us must needs be amateur economists-including, and perhaps especially, the professionals.

Diversification is an established tenet of conservative investment.

I am more and more impressed with the possibilities of history’s repeating itself on many different counts. You don’t get very far in Wall Street with the simple, convenient conclusion that a given level of prices is not too high.

The story of Joseph in Egypt and of the seven fat and the seven lean years has passed into the homely wisdom of the ages; but our economic thinking seems to have lost contact with so simple and basic approach to prudent management of a nations welfare.

There is something paradoxical in the fact that by establishing an export market we subject our entire domestic production to the vagaries of that market.

Traditionally the investor has been the man with patience and the courage of his convictions who would buy when the harried or disheartened speculator was selling.

Whenever the investor sold out in an upswing as soon as the top level of the previous well-recognized bull market was reached, he had a chance in the next bear market to buy back at one third (or better) below his selling price.

To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.

The underlying principles of sound investment should not alter from decade to decade, but the application of these principles must be adapted to significant changes in the financial mechanisms and climate.

An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return.

I am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities.

The idea of storage as a solution of economic problems at least has the support of common sense.It is diametrically opposed to the topsy-turvy Alice-in-Wonderland reasoning that has marked so much of our depression thinking and policy.

In the financial markets, hindsight is forever 20/20, but foresight is legally blind. And thus, for most investors, market timing is a practical and emotional impossibility.

… the loss of public confidence in the financial community growing out of its own conduct in recent years. I insist that more damage has been done to stock values and to the future of equities from inside Wall Street than from outside Wall Street.

It is no difficult trick to bring a great deal of energy, study, and native ability into Wall Street and to end up with losses instead of profits. These virtues, if channeled in the wrong directions, become indistinguishable from handicaps.

Are we going to have to teach you to fight, angel?

If Jesus rose from the dead, then you have to accept all that he said; if he didn’t rise from the dead, then why worry about any of what he said? The issue on which everything hangs is not whether or not you like his teaching but whether or not he rose from the dead.

Vee lowered her lashes and smiled wickedly. “this class isn’t going to teach me anything i don’t already know.” “vee? As in virgin?” “not so loud.” she winked just as the bell rang, sending us both to our seats, which were side by side at our shared table.

We’ve built six schools in Colombia and do work in South Africa and Haiti. We teach 5,000 students.

All children need their fathers, but boys especially need fathers to teach them how to be men.

I don’t ever remember them telling us or teaching us that the only way we could be more successful is if other people were less successful. They never inculcated the belief that somehow, in order for us to climb the ladder, other people have to come down from the ladder.

What we reliably find is that people’s perseverance scores are actually higher than their passion scores, and I think it really does get to the fact that working hard is hard, but maybe finding your passion is even more difficult.

Racism is taught in the home. We agree on that? Well, it’s very hard to teach racism to a teenager who’s listening to rap music and who idolizes, say, Snoop Dogg. It’s hard to say, ‘That guy is less than you.’ The kid is like, ‘I like that guy, he’s cool. How is he less than me?