The intelligent investor is likely to need considerable will power to keep from following the crowd.

“The enemy of intelligent long term investing is the expression 'This time is different'. Actually, EVERY time is different, but the end result is always the same - having a prudent, disciplined, written plan and sticking to it when everyone says you shouldn't, is the key to success.”

I'm not looking for 'new' investment ideas. I want the OLD ideas, the ones that have built wealth for families for generations.

“…(this is) another clear example of the differences between actually managing money and simply talking about it.

I don't just want to say, 'No,' but we have to be prudent.

In the same way we have a long-term plan for building roads, we have to have a long term plan to build transit.