When The Brothel Burns Down, Even The

The Most Important Quality For An Investor Is Temperament, Not Intellect. You Need A Temperament That Neither Derives Great Pleasure From Being With The Crowd Or Against The Crowd.

Chains Of Habit Are Too Light To Be Felt Until They Are Too Heavy To Be Broken.

In Economics, You Always Want To Ask 'and Then What?'

Uncertainty Is The Friend Of The Buyer Of Long Term Values.

The Advice "you Never Go Broke Taking A Profit" Is Foolish.