Finding bargains • Investment is the discipline of relative selection • Our goal isn't to find good assets, but good buys. Thus, it&...

Being attentive to cycles • Just about everything is cyclical. Cycles always prevail eventually. Nothing goes in one direction forever. A...

Always instructive to hear Charlie Munger.

Howard Marks has written extensively on risk and its management. The riskiest things: the most dangerous investment conditions generally ...

There are two essential ingredients for profit in a declining market: you have to have a view on intrinsic value, and you have to hold tha...

Since other investors may be smart, well-informed and highly computerized, you must find and edge they don't have. You must think o...

Over the years, I have come to the conclusion that the most critical aspect in investing is to be able to build the right temperament. To...