There is an old saying, "How did you go bankrupt?" And the answer is, "Gradually, and then suddenly." The impending fiscal crisis in the United States will make its appearance in the same way.

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.

Children are God's gift.

One must always keep the tools of statecraft sharp and ready. Power and fear – sharp and ready.

I could do a lot of stuff's but the problem is not here it's the place where I am, the crowd which has surrounded and many other factors.

Don't you know, you idiot, that that is what every fool of a woman says about her child?Miss Bulstrode's thoughts.

The church, the state, and the poor, are 3 daughters which we should maintain, but not portion off.

And I don't think that success can be measured by how many TV shows you're on.

But everyone has a touch of madness, and those who can't admit it are usually farther gone than the rest of us.

Write 10 times: 'Fear is my friend. Fear is the energy to do my best in a new situation.' You don't have to believe it; just write it.

I love order. It's my dream. A world where all would be silent and still, and each thing in its last place, under the last dust.

Successful investors must temper the arrogance of taking a stand with a large dose of humility, accepting that despite their efforts and care, they may in fact be wrong.