Capitalism believes that its remit is exclusively to make maximum short-term profits.

You can't run the economy on BMWs alone. If the average person is in a pickle, how do you have a healthy economy?

Remember that history always repeats itself. Every great bubble in history has broken. There are no exceptions.

I believe the only things that really matter in investing are the bubbles and the busts

The individual is far better-positioned to wait patiently for the right pitch while paying no regard to what others are doing, which is almost impossible for professionals.

Although value is a weak force in any single year, it becomes a monster over several years. Like gravity, it slowly wears down the opposition.

I would say that financial markets are very inefficient, and capable of extremes of being completely dysfunctional.

Volatility is a symptom that people have no idea of the underlying value.

Battering down solar cells on the roofs of Wal-Marts in California. I think that will be some of the highest-return investments that anyone ever makes.

By background I'm both a Quaker and a Yorkshireman, which I like to call double jeopardy.

The pure administration of Graham-and-Doddery really needs a long-term lock-up like Warren Buffett has, or it will have occasional quite dreadful client problems.

The gods have become our diseases.

Life is only worth living because we hope it will get better and we'll all get home safely.

He looked like someone pretending to be a knight, which was bad. He figured pretending to be something he actually wanted to be was just asking for it.

The universe did not invent justice. Man did. Unfortunately, man must reside in the universe.

You predicted quick victory. Now it’s going to get hopelessly complicated. Jesus, don’t you know any better than that by now?

Meryl Streep is an acting machine in the same sense that a shark is a killing machine.

I feel like I'm ready for any dangerous situation that might come my way, provided I have a hammer on me.

Primarily, God is not bound to punish sin; he is bound to destroy sin. The only vengeance worth having on sin is to make the sinner himself its executioner.

The very "marks" on the bottom of a piece of rare crockery are able to throw me into a gibbering ecstasy.

The gap between enthusiasm and indifference is filled with failures. The great man is he that does not lose his child's heart.