Watching every tick up and every tick down is just wasting your valuable time. Do yourself a favor, and pick up a book or two about investing each month.

Market quotes change every second, but business evolves steadily. You have ample time to evaluate a business to buy or not to buy. There is no rush.

A Collectible’s value is primarily based on the emotions and the perception of potential buyers.

If your bull case to buy a stock is “a sharp price drop” or "price is going to the moon”, you don’t have a bull case.

The funny thing about using the last transaction price as a proxy for the fair value is; that even the two people, buyer, and seller, who caused the transaction do not agree that the transaction price is the fair value of that stock. They have opposite views about the real value.

It is impossible to say whether an asset class valuation is cheap or expensive in isolation. The valuation of an asset is relative to the valuations of all other assets.

The number one reason people lose money in investing is because they buy assets without giving any thought whatsoever to the fair value.

Always remember that the minority dictates the prices, and the majority governs the value.

If investors do not know or never attempt to know the fair value, they can pay any price. More often, the price they pay is far greater than the actual value.