Although there are good and bad companies, there is no such thing as a good stock; there are only good stock prices, which come and go.

Investing isn't about beating others at their game. It's about controlling yourself at your own game.

Successful investing is about managing risk, not avoiding it.

The intelligent investor is a realist who sells to optimists and buys from pessimists.

In the short run, the market is a voting machine, but in the long run it is a weighing machine.

In the world of securities, courage becomes the supreme virtue after adequate knowledge and a tested judgment are at hand.

Before you invest, you must ensure that you have realistically assessed your probability of being right and how you will react to the consequences of being wrong.

The true investor... will do better if he forgets about the stock market and pays attention to his dividend returns and to the operation results of his companies.

If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume.

A great company is not a great investment if you pay too much for the stock.

An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return.

It is as though God said, "You think to create order? Here is the appropriate disorder, since they are one.

Slavery stands as an affront to human dignity.

Good books often answer questions you didn't even know you wanted to ask.

Knowledge without education is but armed injustice.

I enjoy the sun and the beauty of summer as long as I can. Who knows whether one of these days I shall not be prevented from doing it?

The important thing is that men should have a purpose in life. It should be something useful, something good.

I like it to stay very organic, and to remember a personal story behind all my subjects.

I drink wine on stage to sort of loosen my grip on reality a little.

Try to live with the same intensity as a child. He doesn't ask for explanations; he dives into each day as if it were a new adventure and, at night, sleeps tired and happy.

Great men lose somewhat of their greatness by being near us; ordinary men gain much.