I am very concerned about the millions of baby boomers who are counting on the stock market to deliver them a safe, sound, long retirement. I am afraid the baby boomers who are counting on the stock market are in trouble.

Working hard to earn more money and then giving it away in higher taxes isn’t financially intelligent, even if you do put some of it into a retirement account.

It is better to have a permanent income than to be fascinating.

I’m going to retain a lot of Microsoft’s stock.

Remember that all financial markets are filled with good but not necessarily innocent people looking after their own self-interests before they look after yours.

There are three faithful friends – an old wife, an old dog, and ready money.

Don’t gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don’t go up, don’t buy it.

Warren Buffett is famous for talking about the ‚intrinsic value‘ of stocks. But while many people parrot this phrase, few know what it really means.

As a bull market turns into a bear market, the new pros turn into optimists, hoping and praying the bear market will become a bull and save them. But as the market remains bearish, the optimists become pessimists, quit the profession, and return to their day jobs. This is when the real professional investors re-enter the market.

When I was young, many people worked for a company with a pension plan that covered them for as long as they lived. If they didn’t have a pension plan, they could count on Social Security and Medicare.

I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

People need to be insured so when you have an accident out there, or when something catastrophic happens to you, that you’re covered and there’s not someone else has to pay for you. That is as simple as that.

I want to retire and want to be able to live out my days financially secure. That’s what everyone wants.

Money’s important. Everyone cares about money. And when you don’t have money, money becomes the overriding obsession of your life.

I’m focusing on me. I’m focusing on my family’s security, my family’s financial security, so that’s all I can do.

One of the reasons so many people get burned in the market is because they start buying as they see prices going up.

During the Enron debacle, it was workers who took the pounding, not bankers. Not only did Enron employees lose their jobs, many lost their retirement savings. That’s because they were at the bottom of the investing food chain.

I still love football, though, and I think cooking is like football. It’s not a job, it’s a passion. When you become good at it, it’s a dream job and financially you need never to worry. Ever.

Demographics show that we are entering a battle between young and old. I call it the ‚Age War.‘ The young want to hang onto their money to grow their families, businesses, and wealth. The old want the tax and investment dollars of the young to sustain their old age.

An active investor is someone who actually lives off their investments as opposed to wages from a job.

I just want to retire before I go senile because if I don’t retire before I go senile, then I’ll do more damage than good at that point.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

If a business does well, the stock eventually follows.

The baby boomers are getting older, and will stay older for longer. And they will run right into the dementia firing range. How will a society cope? Especially a society that can’t so readily rely on those stable family relationships that traditionally provided the backbone of care?

I want to be financially secure by the time I have kids.

Don’t hold against me that I don’t own – that I don’t own a single stock or bond. Don’t hold it – I have no savings accounts.

We have been so successful in the past century at the art of living longer and staying alive that we have forgotten how to die. Too often we learn the hard way. As soon as the baby boomers pass pensionable age, their lesson will be harsher still.

Prosperity is the best protector of principle.

I haven’t been as wild with my money as somebody like me might have been. I’ve been very safe, very conservative with investments. I don’t blow money. I don’t have a ton of houses. I know things can go away. I’ve already had that experience.

I’ve got all the money I’ll ever need, if I die by four o’clock.

In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.

Wealth is well known to be a great comforter.

Many people will have nothing at the end of their working lives.