There is almost always a major blip for whatever reason and we have learnt to expect it and not to panic.

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.

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

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.

Beautiful isn't something you become. It's something you realize you are.

You know, Freud accepted his lot very stoically and very well and with a sense of humor. He aged and died gracefully, and there's a lot to be said for that.

The end of life is to be like God, and the soul following God will be like Him.

Leaders have to act more quickly today. The pressure comes much faster.

The only movies I want to do are the ones I'm passionate about. I care about school, and I'm still a kid. I want to live like that while I can.

Poetry is the mother-tongue of the human race.

You don't say, 'I've done it!' You come, with a kind of horrible desperation, to realize that this will do.

If the end of the twentieth century can be characterized by futurism, the twenty-first can be defined by presentism.

You need at this time especially to know that you are fit for something better than slavery and cannon fodder.

Nobody can put a character on paper without - at any rate in part and at times - sitting as a model for it himself.