Here are some investment aphorisms i have come across, may 29th 2013

​Sit on your ass investing. You’re paying less to brokers, you’re listening to less nonsense, and if it works, the tax system gives you and extra one, two, or three percentage points per annum.  Munger

It takes character to sit there with all that cash and do nothing.  I didn’t get to where I am by going after mediocre opportunities.  Munger

Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily-understandable business whose earnings are virtually certain to be materially higher 5, 10 or 20 years from now.  WB (BH 1996)