There are no long-term lessons - ever.

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.

I always knew this story would break my heart

So you realized that there were always women in tears, or a red-headed man, or something else to spoil your effects?""Yes, naturally.

Teachers believe they have a gift for giving; it drives them with the same irrepressible drive that drives others to create a work of art or a market or a building.

Pop and metal aren't friends. Each knows exactly where the other lives and tries to keep its distance. They choose different streets, neighborhoods, zip codes.

When can our brain's innate objectivity begin to flourish? Only when our inappropriate Self-centered subjectivity begins to dissolve.

Why should I need an artist to explain a work of art to me? Why should it not speak out to me itself?

A lot of student films in art shows are samey. It's a look at the life of someone making these boring films.

For someone who doesn't have the key, the door becomes a wall; for someone who has the key, there is no door!

I don't hate women, but I think they should be kept in cages.

People who worship only themselves get a slick, polished look - like monuments. Too bad they had to go so soon.