• When an investor focuses on short-term investments, he or she is observing the variability of the portfolio, not the returns – in short, being fooled by randomness.

    Nassim Taleb
  • All intelligent investing is value investing — acquiring more than you are paying for.

    Charlie Munger
  • The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell.

    Sir John Templeton
  • Success breeds complacency. Complacency breeds failure. Only the paranoid survive.

    Andy Grove
  • Know what you own, and know why you own it.

    Peter Lynch