The essence of effective portfolio construction is the use of a large number of poorly correlated assets.

For the taxable investor, indexing means never having to say you're sorry.

Bluntly put, there's no chance that your doctor, dentist, or attorney is a high-school dropout. Your stockbroker, however, just might be.

The purpose of investing is not to simply optimise returns and make yourself rich. The purpose is not to die poor.

The reason that 'guru' is such a popular word is because 'charlatan' is so hard to spell.

There are two kinds of investors, be thay large or small: those who don't know where the market is headed, and those who don't know that they don't know.

99% of fund managers demonstrate no evidence of skill whatsoever.

You have to understand what market history looks like. What market history tells you is that the very, very best investments are made when things look the worst.

If your broker or investment advisor is not familiar with the concept of standard deviation of returns, get a new one.

Wall Street is littered with the bones of those who knew just what to do, but could not bring themselves to do it.

All the things that make us human make us terrible investors and you have to understand what they are and how to avoid them.

His eyes, green with yellow sparks, and with elongated pupils like a cat’s, made his grandmother gasp and say: ‘Jesus! He has the devil’s eyes!

He is not rich that possesses much but he that is content with what he has.

Let us defend the home as a place which is second only to the temple in holiness.

I empty myself with light Until I become morning.

I'm always studying and I've been doing it for a long time now.

That loss was to breed an independence, a toughness of spirit, and an awareness of adversity and discipline that have never left me,.

Issac:"I dislike living in a world without Augustus Waters." Computer: "I don't understand-" Issac: "Me neither. Pause

Maybe the target nowadays is not to discover what we are but to refuse what we are.

I'd rather fiddle with my phone for precious seconds than neglect an apostrophe; I'd rather insert a word laboriously keyed out than resort to predictive texting for a - acceptable to some - synonym.