Active management strategies demand uncommon, hard-to-identify skills, as the majority of active managers fail to produce market-beating results.

Investors should pay attention to what they own, not simply to the overall return of their portfolio.

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

-- Peter Lynch

Invest in what you know.

-- Peter Lynch

You can't predict. You can prepare.

-- Howard Marks

The most important thing is being attentive to cycles.

-- Howard Marks

Investors should pay attention to what they own, not simply to the overall return of their portfolio.

-- David F. Swensen

It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.

-- George Soros