A simple rule applies: if you don't quickly comprehend what a company is doing, then management probably doesn't either.

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.

Don't duck the most difficult problems. That just ensures that the hardest part will be left when you are most tired. Get the big one done - it's downhill from then on.

A little knowledge is a dangerous thing, but a little want of knowledge is also a dangerous thing.

I've always been a big supporter of the Surfrider Foundation. I started my own foundation, Rob Machado Foundation, which focuses on environmental education for the little people of the world.

Bees work for man, and yet they never bruise Their Master's flower, but leave it having done, As fair as ever and as fit to use; So both the flower doth stay and honey run.

I started studying filmmakers, and I would say early on the ones that really inspired me the most were like the field magicians of music videos.

Health care is much the same - the status quo is, by all measures, failing far too many people - and we must not shrink from the challenge.

I like to watch a bit of Disney, sprinkle some cocaine on some melon and just sit and eat it. I'm joking, I'm joking. There's no Disney.

If understanding followed no rule at all, there would be no good in the understanding nor in the matter understood, and to remain in ignorance would be the greatest good.

Welfare's purpose should be to eliminate, as far as possible, the need for its own existence.