Much of what sophisticates loftily refer to as the "complexity of the real world” is in fact the inconsistency in their own minds.

The market is always right, but it doesn't always reflect the true value of a company.

The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market.

The best illustrations are those that leave room for the reader's imagination.

The investor's chief problem—and even his worst enemy—is likely to be himself.