“As Graham, Dodd and Buffett have all said, you should always remember that you don't have to swing at every pitch. You can wait for opportunities that fit your criteria and if you don't find them, patiently wait. Deciding not to act is still a decision.”
"Even when the underlying motive of purchase [of common stocks] is mere speculative greed, human nature desires to conceal this unlovely impulse behind a screen of apparent logic and good sense."
