While some might mistakenly consider value investing a mechanical tool for identifying bargains, it is actually a comprehensive investment philosophy that emphasizes the need to perform in-depth fundamental analysis, pursue long-term investment results, limit risk, and resist crowd psychology.
The underlying principles of sound investment should not alter from decade to decade, but the application of these principles must be adapted to significant changes in the financial mechanisms and climate.
Confronted with a challenge to distill the secret of sound investment into three words, we venture the motto, Margin of Safety.
In the short run, the market is a voting machine, but in the long run it is a weighing machine.
Buy not on optimism, but on arithmetic.
Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.
I learnt from Flo how to be mother. Flo was patient, tolerant. She was supportive. She was always there. She was playful. She enjoyed having her babies, as good mothers do.
One cannot enter don Juan's world intellectually, like a dilettante seeking fast and fleeting knowledge. Nor, in don Juan's world, can anything be verified absolutely. The only thing we can do is arrive at a state of increased awareness that allows us to perceive the world around us in a more inclusive manner.
As in roulette, same is true of the stock trader, who will find that the expense of trading weights the dice heavily against him.
Happiness is often presented as being very dull but, he thought, lying awake, that is because dull people are sometimes very happy and intelligent people can and do go around making themselves and everyone else miserable. He had never found happiness dull. It always seemed more exciting than any other thing and capable of as great intensity as sorrow to those people who were capable of having it.
Sheep are stupid, and have to be driven. But goats are intelligent, and need to be led.
Where is it written that a smart woman can't also be stacked?
Great minds discuss ideas; average minds discuss events; small minds discuss people.
The cultivated person's first duty is to be always prepared to rewrite the encyclopedia.
You can tell how smart people are by what they laugh at.
The number one thing I am earnestly attracted to is intelligence. Writers are thus the pinnacle of intelligence. While actors are great and awesome, writers literally create new worlds from scratch. What is sexier than that? Personally, I don't know why every person out there isn't dating a writer.
If there are no stupid questions, then what kind of questions do stupid people ask? Do they get smart just in time to ask questions?
The less intelligent the white man is, the more stupid he thinks the black.
I would not be able to retain all the information, all the medical jargon these doctors do. I'm not really intelligent enough is what I'm saying.
You want a wife who is intelligent, but not too intelligent.
So unless we come together as a people and stop our foolish beefing among each other, sit down like intelligent men and women and settle the things that divide us from each other, then come together like a solid wall and we could make something happen.
Hillary, you're a strong woman, you're an intelligent woman - you're not a good woman. But if you want to do good, let the Black man go, and stop deceiving them, that you are really their "friend." If you were their friend, why did you kill Muammar Gadhafi?
Most of us grow up with a sense of "I'm not intelligent enough." It's such a sad thing that in the West we worship a certain kind of left-brain intelligence.
Russia may soon get another chance to move closer to the West, to make a step - I do believe the first step toward democracy was made in the 1990s, and perhaps the next step can happen now. If this happens, the West needs to see it in time and support it in an intelligent way.
Chimps are unbelievably like us - in biological, non-verbal ways. They can be loving and compassionate and yet they have a dark side... 98 per cent of our DNA is the same. The difference is that we have developed language - we can teach about things that aren't there, plan for the future, discuss, share ideas
Follow AzQuotes on Facebook, Twitter and Google+. Every day we present the best quotes! Improve yourself, find your inspiration, share with friends
or simply: