'Wall Street is the only place that people ride to work in a Rolls Royce to get advice from those who take the subway.'

'When returns on capital are ordinary, an earn-more-by-putting-up-more record is no great managerial achievement. You can get the same result personally while …

'The Stock Market is designed to transfer money from the Active to the Patient.'

'An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities - at full prices they couldn't buy enough o…