Money & Finance

Don't look for the needle in the haystack. Just buy the haystack!

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

A blindfolded chimpanzee throwing darts at the Wall Street Journal could select a portfolio that performs as well as those managed by the experts.

The stock market is a giant distraction from the business of investing.

The core of behavioral economics is that people are not Econs. They are Humans.

Wealth is more often the result of a lifestyle of hard work, perseverance, planning, and, most of all, self-discipline.

I will teach you to be rich - but you have to do the work.

Buy quickly, sell slowly.

There is no asset-allocation fairy.

There are many things money can buy, but the most valuable of all is freedom. Freedom to do what you want and work for whom you respect.

Money is something we choose to trade our life energy for.

Buying good businesses at bargain prices is the secret to making lots of money.

The successful investor is usually an individual who is inherently interested in business problems.

Investing can be simple, but it's certainly not simplistic.

What will your legacy be - what you owned or who you were?

The goal isn't to find good assets, but good buys. Thus, it's not what you buy; it's what you pay for it.

Tail events are all they care about.

Wealth is what you don't see. Wealth is the nice cars not purchased. The diamonds not bought. The watches not worn, the clothes forgone and the first-class upgrade declined.

The more data we have, the more likely we are to drown in it.

The greatest source of investment risk is the belief that there is no risk.

Behind every stock is a company. Find out what it's doing.

Spend each day trying to be a little wiser than you were when you woke up.

I'm a shameless copycat. Everything in my life is cloned. I have no original ideas.

Heads, I win; tails, I don't lose much!

A part of all I earn is mine to keep.

Everyone wants to outperform the market over every single time frame, both short term and long term. There's a name for this strategy - it's called impossible.

Your largest expense is your life. Most people never question whether their lifestyle matches their values or their goals.

Price is what you pay. Value is what you get.

It's not that we're dumb. We're wired to avoid pain and pursue pleasure and security. It feels right to sell when everyone around us is scared and buy when everyone feels great. It may feel right - but it's not rational.

The stock market has an uncanny way of finding us out, of exposing weaknesses as diverse as arrogance, jealousy, fear, anger, self-doubt, greed, dishonesty, and the need for social approval.

If you will live like no one else, later you can live like no one else.

Follow your talent, not your passion. The accoutrements that accompany being great at something will make you passionate about whatever 'it' is.

You can't get rich renting.

An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.

The more you want something to be true, the more likely you are to believe a story that overestimates the odds of it being true.

In the end, the business of life is the acquisition of memories. In the end, that's all there is.

The secret to wealth is simple: Find a way to do more for others than anyone else does. Become more valuable. Do more. Give more. Be more. Serve more.

Whatever the mind can conceive and believe, it can achieve.