Courage is a function of process.

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.

In literary criticism the critic has no choice but to make over the victim of his attention into something the size and shape of himself.

Many have been the wise speeches of fools though not so many as the foolish speeches of wise men.

Commit to finding the true nature of art. Go for that thing no one can teach you.

Unpopular speech is absolutely vital to the health of our nation.

The real goal of physics is to come up with an equation that could explain the universe but still be small enough to fit on a T-shirt

God is love. His plan for creation can only be rooted in love. Does not that simple thought, rather than erudite reasoning, offer solace to the human heart?

Basketball is basketball.

You are the world's greatest, when you say you are.

It is not that we don't know the right answers, it is just that we don't ask the right questions.

I learned to park outside of Denny's because it's 24 hours. I made a deal at a 7-Eleven with a mailman so I could get my mail delivered there.