"It is always good to know the truth, but [on Wall Street] it may not always be wise to act on it."
--pg 404
"When an enterprise pursues questionable accounting, _all_ of its securities must be shunned. You cannot make a qualitative deduction to allow for unscrupulous management." --pg 433
"The fact that people will be full of greed, fear or folly is predictable; the sequence is not." --pg 1491
"Kinds of information: 1) things you can know, and 2) things important to know." [The intersection of 1 and 2 is extremely rare, constituting a] "small percentage of the total known."
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