Value investing is at its core the marriage of a contrarian streak and a calculator..

Selling, in particular, can be a challenge; many investors are tempted to become more optimistic when a security is performing well. This temptation ….

Risk is not inherent in an investment; it is always relative to the price paid. Uncertainty is not the same as risk. Indeed, when great uncertainty -….

Ultimately, nothing should be more important to investors than the ability to sleep soundly at night..

Patience and discipline can make you look foolishly out of touch until they make you look prudent and even prescient.

Value investing is simple to understand but difficult to implement. Value investors are not supersophisticated analytical wizards who create and appl….

In reality, no one knows what the market will do; trying to predict it is a waste of time, and investing based upon that prediction is a speculative ….

When all feels calm and prices surge, the markets may feel safe; but, in fact, they are dangerous because few investors are focusing on risk..

Over the long run, the crowd is always wrong..

Warren Buffett is right when he says you should invest as if the market is going to be closed for the next five years. The fundamental principles of ….

The cost of performing well in bad times can be relative underperformance in good times..

Sometimes buying early on the way down looks like being wrong, but it isn't..

The overwhelming majority of people are comfortable with consensus, but successful investors tend to have a contrarian bent..

The best protection against risk is knowing what you are doing..

In investing it is never wrong to change your mind. It is only wrong to change your mind and do nothing about it..

The near absence of bargains works as a reverse indicator for us. When we find there is little worth buying, there is probably much worth selling..

You must buy on the way down. There is far more volume on the way down than on the way back up, and far less competition among buyers. It is almost a….

Successful investors tend to be unemotional, allowing the greed and fear of others to play into their hands. By having confidence in their own analys….

People should be highly sceptical of anyone's including their own, ability to predict the future, and instead pursue strategies that can survive what….

The single greatest edge an investor can have is a long-term orientation..

Loss avoidance must be the cornerstone of your investment philosophy..