Choosing individual stocks without any idea of what you're looking for is like running through a dynamite factory with a burning match. You may live, but you're still an idiot.

The secret to investing is to figure out the value of something - and then pay a lot less.

Here is part of the tradeoff with diversification. You must be diversified enough to survive bad times or bad luck so that skill and good process can have the chance to pay off over the long term.

The more confidence I have in each one of my stock picks, the fewer companies I need to own in my portfolio to feel comfortable.

Look down, not up, when making your initial investment decision. If you don’t lose money, most of the remaining alternatives are good ones.

Remember, it’s the quality of your ideas not the quantity that will result in the big money.

If I plug my estimates into the Magic Formula, and it comes out cheap, that's good.

Figure out what something is worth and pay a lot less.

If you spend your energies looking for and analysing situations not closely followed by other informed investors, your chance of finding bargains greatly increases.

I wait until an investment idea is so good, it hits me over the head like an anvil.

I think the exercise of trying to figure out how to simplify concepts has been incredibly helpful to me over the last 13 years of teaching and I hope my students have benefited from it.

A book is good company. It is full of conversation without loquacity. It comes to your longing with full instruction, but pursues you never.

The worst is, I remain so stone cold. Does this war make you an 'alive-dead person'? Is it not possible to remain yourself in this chaos? How long still?

True vision is always twofold. It involves emotional comprehensions as well as physical perception.

Banks are an almost irresistible attraction for that element of our society which seeks unearned money.

Without education we are in a horrible and deadly danger of taking educated people seriously.

I think my life is tremendously interesting, and surely, other people do too.

Cable had a latitude to move which created less censorship and bestowed upon the artists, the writers and the creators, more liberty to create their shows.

Staying in luxury hotels still gives me a kick, especially Oulton Hall in Yorkshire. I'd stay in a hotel for the breakfast and room service.

Don't mess with anybody on a Monday. It's a bad, bad day.

Imagination applied to the whole world is vapid in comparison to imagination applied to a detail.