Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.

Democracy is worth dying for, because it"s the most deeply honorable form of government ever devised by man. read more

• Thought Democracy Worth Dying for Most Deeply Honorable Form Government Devised by Man

Things work out best for those who make the best of how things work out. read more

• Thought Things Work Best for Those How

Anybody can be good in the country. There are no temptations there. read more

• Thought Anybody Good Country Temptations

We should manage our fortune as we do our health - enjoy it when good, be patient when it is bad, and never apply violent remedies except in an extreme necessity read more

• Thought Manage Our Fortune Do Health Enjoy Good Patient Bad Apply Violent Remedies Except Extreme Necessity

Women defend themselves by attacking, just as they attack by sudden and strange surrenders. read more

• Thought Women Defend Themselves by Attacking They Attack Sudden Strange Surrenders

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1 read more

• Motivational Rule Lose Money Forget

Investing is forgoing consumption now in order to have the ability to consume more at a later date. read more

• Thought Investing Forgoing Consumption Ability Consume More Later Date

Wide diversification is only required when investors do not understand what they are doing. read more

• Thought Wide Diversification Required Investors Do Understand What They Doing

Cash combined with courage in a time of crisis is priceless. read more

• Thought Cash Combined Courage Time Crisis Priceless

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks. read more

• Thought Find Chronically Leaking Boat Energy Devoted Changing Vessels Likely More Productive Patching Leaks