Investing is the intersection of economics and psychology.

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.

To accept a little death is worse than death itself.

Life is full of lessons for the success-minded person who keeps his/her eyes open to what is going on.

I don't think any player lives up to his potential, because people out there put you so high on a pedestal, you'll never be as good as they expect.

Disarmament by war and democracy by occupation are difficult prospects.

It is a flaw In happiness to see beyond our bourn, - It forces us in summer skies to mourn, It spoils the singing of the nightingale.

I fell in love. It was a great thing to be in love. I was a complete idiot in love.

Treat your customers like they own you. Because they do.

One of the worst of errors would be the general admission of the proposition that a Government has no right to interfere for any purpose except for that of affording protection.

I much prefer writing an original movie with the screen in mind to transferring a play to the screen.

My beloved grows right out of my own heart. How much more union can there be.