Friday, February 18, 2011

2: Never forget rule No.1.


"Rule No.1: Never lose money.
Rule No.2: Never forget rule No.1."



There seems to be some perverse human characteristic that likes to make easy things difficult."
"Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.""We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.""If a business does well, the stock eventually follows."..."It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.""Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.""Why not invest your assets in the companies you really like? As Mae West said, "Too much of a good thing can be wonderful".""Wide diversification is only required when investors do not understand what they are doing."

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