All we try to do is buy a dollar for 40 cents.

You find bargains among the unpopular things, the things that everybody hates. The key is that you must have patience.

Why will someone sell you a dollar for 50 cents? Because in the short run, people are irrational on both the optimistic and pessimistic side.

When a stock doubles, sell half - then what you have is a free position. Then it becomes more of an art form. When you sell depends on individual circumstances.

There is almost always a major blip for whatever reason and we have learnt to expect it and not to panic.

The most important attribute for success in value investing is patience, patience, and more patience. The majority of investors do not possess this characteristic.

The company must be paying dividends. Preferably the dividend will have been increasing and have been paid for some time.

The share price must be less than book value. Preferably it will be less than net working capital less long term debt.

Protect the downside. Worry about the margin of safety.

Sooner or later, the market will do what it has to do to prove the majority wrong.

If it is cheap enough, we don't care what it is.

Just your smile can touch the moon.

I am the only real truth I know.

What we're doing is fun - if you have any sense of humor at all!

Houston, we've had a problem.

Spurs are up against one of the top coaches in the world if not one of the best in the world

Unfortunately complaining is one thing Eeyores are not afraid to do. They grudgingly carry their thimbles to the Fountain of Life, then mumble and grumble that they weren't given enough.

I like being swept up in weather and observing it as something beautiful and giant.

Our house was awash in books, and my mother doled out her favorites like they were special treats - which they were.

I had a very unusual contract. Most artists actually pay for their record dates and it comes out of their royalties. I paid for nothing.

When a man knows how to live amid danger, he is not afraid to die. When he is not afraid to die, he is, strangely, free to live.