Be sure that you are well compensated for illiquidity - especially illiquidity without control - because it can create particularly high opportunity costs.

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.

The worst kind of poverty is the poverty of vision.

Love is the divinity of life.

Be thankful for the simple things and God's love and you will never be disappointed when life gets hard.

Deep down, he knew. He knew the reason behind the chaos and, in the process of acknowledging it, he fell in love with the concept of chaos.

It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.

I keep God first. He me to go out and act and be humble and keep it simple. God gave me this gift to bless the world. That's what I'm here to do.

I have strongly supported the right to keep and bear arms. I truly believe that firearms in the hands of law abiding citizens makes our families and our communities more safe, not less safe.

If one cannot live the life of the brave, then it is better to die like the brave.

...I am happy to welcome you to a town peopled in morons exclusively. Furthermore, I hope that your transformation to moron is not an unpleasant experience.

We have what we seek, it is there all the time, and if we give it time, it will make itself known to us.