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

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 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.

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

Every major accomplishment in a man's life requires a major level of commitment.

Difficult but worth it-- that's how my mother had once describe life with Omi.

How well it had suited me, that absolute license to march up to evildoers and demand who, what, where, when and why?

The veneer of civilization fell away to reveal desperate animals, humanity at their worst.

The secret of secrets is inside me again.

Even today, if the Royals win six games all year, if they're going to go 6-156, I hope they beat the Yankees six times.

Man and wife are equally concerned, to avoid all offence of each other, in the beginning of their conversation. Every little thing can blast an infant blossom.

God asks the best we have Because He gave the Best He had.

Poetry can startle you, awaken you, make you fall in love, take your breath away. When those words sink in, you'll never look at your life or your journey the same way again.

I tell students they will know they are getting somewhere when a scene is so painful they can just barely bring themselves to write about it. A writer has to draw blood.