Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
I always knew I was going to be rich. I don't think I ever doubted it for a minute.
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
If a business does well, the stock eventually follows.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
Our favorite holding period is forever.
Risk comes from not knowing what you're doing.
Be fearful when others are greedy and be greedy only when others are fearful.
You only have to do a very few things right in your life so long as you don't do too many things wrong.
If you're in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.
Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
Benjamin Graham stressed that Mr. Market could be madly bullish or masochistically bearish at times. He stressed the importance of understanding the value of your holdings, and not worry about Mr. Market's pricing, except in the sense that a manically depressive bearish market would provide good entry points, and a madly bullish one, good exit points. Both styles of market constantly rotate through our lifetimes