Invest in what you know.

Know what you own, and know why you own it.

The key to making money in stocks is not to get scared out of them.

Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.

Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.

By failing to prepare, you are preparing to fail.

-- Benjamin Franklin

Conceive optimistically, plan pessimistically, execute optimistically.

-- Kazuo Inamori

The most dangerous poison is the feeling of achievement. The antidote is to every evening think what can be done better tomorrow.

-- Ingvar Kamprad

The most important thing is being attentive to cycles.

-- Howard Marks

You can't predict. You can prepare.

-- Howard Marks

Risk means more things can happen than will happen.

-- Howard Marks