Patience, Wall Street

One of the essential qualifications of the successful investor is patience.

- Wall Street

Sit tight and the market give you in due time the signal.

Finance, Warren Buffett

It's only when the tide goes out that you learn who's been swimming naked.

- Warren Buffett (1930- ), Wall Street

Charlie Munger said, "Warren and I are chicken about buying stocks on margin."

Work, William Lyon Phelps

Whenever it is in any way possible, every boy and girl should choose as his life work some occupation which he should like to do anyhow, even if he did not need the money.

- William Lyon Phelps (1865-1943)

Investor, Wall Street

When enough investors find themselves shorn, scapegoats will be sought.

- Wall Street

The real reason for a protracted decline is never bear raiding.

Investor, Wall Street

Successful investor must not only observe accurately but remember what he has observed.

- Wall Street

Bet always on probabilities.