Costs and liabilities are rarely overstated.

The single greatest edge an investor can have is a long-term orientation.

Value investing is at its core the marriage of a contrarian streak and a calculator.

Ultimately, nothing should be more important to investors than the ability to sleep soundly at night.

The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions.

In reality, no one knows what the market will do; trying to predict it is a waste of time, and investing based upon that prediction is a speculative undertaking.

Investment success cannot be captured in a mathematical equation or a computer program.

Patience and discipline can make you look foolishly out of touch until they make you look prudent and even prescient

The near absence of bargains works as a reverse indicator for us. When we find there is little worth buying, there is probably much worth selling.

As Buffett has often observed, value investing is not a concept that can be learned and gradually applied over time. It is either absorbed and adopted at once, or it is never truly learned.

The overwhelming majority of people are comfortable with consensus, but successful investors tend to have a contrarian bent.

Little beat big When Little smart. First with the head, then with the heart.

Our exclusive dependence on rational thought and language has obscured our natural ability to sense the flow of energy.

How glorious it is - and also how painful - to be an exception.

France had shown a light to all men, preached a Gospel, all men's good; Celtic Demos rose a Demon, shriek'd and slaked the light with blood.

Great works are done when one is not calculating and thinking.

Earth may embitter, not remove, The love divinely given; And e'en that mortal grief shall prove The immortality of love, And lead us nearer heaven.

I have a fierce desire to paint colour.

I find it safer to pursue the powerful, the ugly, the unpleasant.

Your love has a broken wing if it cannot fly across the sea.

God writes spiritual Mysteries on our heart, where they wait silently for discovery.