The big money is not in the buying and selling, but in the waiting.
My favorite holding period is forever.
I never try to predict the market.
We enjoy the process far more than the proceeds.
Equities will do well over time – you just have to avoid getting excited when other people are getting excited.
Mr. Market is kind of a drunken psycho. Some days he gets very enthused, some days he gets very depressed. And when he gets really enthused, you sell to him, and when he gets depressed, you buy from him. There’s no moral taint attached to that.