The True Investor Welcomes Volatility ... A

I Think You Are Out Of Your Mind If You Keep Taking Jobs That You Don't Like Because You Think It Will Look Good On Your Resume. Isn't That A Little Like Saving Up Sex For Your Old Age?

Long Ago, Ben Graham Taught Me That "price Is What You Pay; Value Is What You Get." Whether We're Talking About Socks Or Stocks, I Like Buying Quality Merchandise When It Is Marked Down.

Risk Is A Part Of God's Game, Alike For Men And Nations.

One Observer Commenting On Security Analysts Over Forty Stated: "they Know Too Many Things That Are No Longer True." As Long As I Am "on Stage", Publishing A Regular Record And Assuming Responsibility For Management Of What Amounts To Virtually 100% Of The Net Worth Of Many Partners, I Will Never Be Able To Put Sustained Effort Into Any Non-bpl Activity. If I Am Going To Participate Publicly. I Can't Help Being Competitive. I Know I Don't Want To Be Totally Occupied With Out-pacing An Investment Rabbit All My Life. The Only Way To Slow Down Is To Stop.

I Don't Measure My Life By The Money I've Made. Other People Might, But Certainly Don't.