Complexity - limits competition.

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 cleanest feet in the universe are positive thoughts walking through your mind.

I have learned that love is often strongest where it is most threatened. Where it is most terrorised is where it most profusely grows.Lillian WhiteI Would Send You Poppies

It is not what happens to people that is significant, but what they think happens to them.

You can't love a library of e-books. You can't furnish a room with e-books.

I'll say this, and this has nothing to do with gender or sexuality: You do not want to get licked in the face repeatedly by another human being. You just don't. It's not pleasant.

Part of teaching is helping people create themselves.

I always put on a brave face when I was the most terrified, the most trapped and out of control.

To me, human existence exists on a multiple level, not just on a two-dimensional level, not just having to be identified with what you do and what you say.

Philosophy is an odd thing... There is no particular Socratic or Dimechian or Kantian way to live your life. They don't offer ethical codes and standards by which to live your life.

These signs have marked me extraordinary, And all the courses of my life do show I am not in the roll of common men.