"The intelligent investor is likely to need considerable will power to keep from following the crowd."
"Nobody can predict interest rates, the future direction of the economy or the stock market. Dismiss all such forecasts and concentrate on what's actually happening to the companies in which you've invested."
"Unless you can watch your stock holdings decline by 50% without becoming panic-stricken, you should not be in the stock market."
"In investing money, the amount of investment you want should depend on whether you want to eat well or sleep well."
J. Kennfield Morley
"Prices have no memory, and yesterday has nothing to do with tomorrow. Every day starts out fifty-fifty. Yesterday's price discounted everything yesterday."
"If you expect to continue to purchase stocks throughout your life, you should welcome price declines as a way to add stocks more cheaply to your portfolio."
"The only way to make money buying overpriced stocks is if they become more overpriced."
"Don't try to buy at the bottom and sell at the top. This can't be done - except by liars."
"The investor with a portfolio of sound stocks should expect their prices to fluctuate and should neither be concerned by sizable declines nor become excited by sizable advances."
"When people seriously undertake to identify what really matters most to them in their lives - what they really want to be and do - they become reverent. They start to think in larger terms than today and tomorrow."
Stephen R. Covey