In the short run, the market is a voting machine but in the long run, it is a weighing machine.

The individual investor should act consistently as an investor and not as a speculator.

Have the courage of your knowledge and experience. If you have formed a conclusion from the facts and if you know your judgment is sound, act on it — even though others may hesitate or differ.

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

An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.

In this business, if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.

-- Peter Lynch

You can't predict. You can prepare.

-- Howard Marks

The most important thing is being attentive to cycles.

-- Howard Marks

The markets teach you humility every single day.

-- Ken Griffin

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

I'm only rich because I know when I'm wrong.

-- George Soros