If stocks are attractive and you don't buy, you don't just look like an idiot, you are an idiot.

You can't run the economy on BMWs alone. If the average person is in a pickle, how do you have a healthy economy?

Remember that history always repeats itself. Every great bubble in history has broken. There are no exceptions.

I believe the only things that really matter in investing are the bubbles and the busts

The individual is far better-positioned to wait patiently for the right pitch while paying no regard to what others are doing, which is almost impossible for professionals.

Although value is a weak force in any single year, it becomes a monster over several years. Like gravity, it slowly wears down the opposition.

I would say that financial markets are very inefficient, and capable of extremes of being completely dysfunctional.

Volatility is a symptom that people have no idea of the underlying value.

Battering down solar cells on the roofs of Wal-Marts in California. I think that will be some of the highest-return investments that anyone ever makes.

By background I'm both a Quaker and a Yorkshireman, which I like to call double jeopardy.

The pure administration of Graham-and-Doddery really needs a long-term lock-up like Warren Buffett has, or it will have occasional quite dreadful client problems.

Treason doth never prosper, what's the reason?For if it prosper, none dare call it treason.

There's nothing in the world so demoralizing as money.

Isobel had entrusted the note to Gwen just before Baltimore. And the small scrap of paper still remained her only tangible evidence that Varen had loved her.Expect...he didn't anymore.

Because, of course, it wouldn't do to just talk to her. She had spoken to him in flashes of daylight, and he felt he ought to reply in kind.

In communications, familiarity breeds apathy.

Activity is not output.

All of us must act selfishly to Iearn charity, must lie to learn honor, must betray and be betrayed to learn to value trust and commitment.

When children are doing nothing, they are doing mischief.

I don't have much time for real violence at all. I think there are infinitely better ways of changing the world than using violence. Sitting round a table talking is a pretty good start.

I have always valued quiet, and the eternity of it that I face is no more dreadful than the eternity of quiet that preceded my birth.