Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
Risk comes from not knowing what you're doing.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.
If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks.
Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Our favorite holding period is forever.
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
Wide diversification is only required when investors do not understand what they are doing.
Know what you own, and know why you own it.
When buying shares, ask yourself, would you buy the whole company?
An investment in knowledge pays the best interest.
In the short run, the market is a voting machine, but in the long run it is a weighing machine.
The stock market is filled with individuals who know the price of everything, but the value of nothing.
The time of maximum pessimism is the best time to buy.
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.
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.
It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong