Equities are boring; bonds are disgusting.

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 moment you vote, you are a citizen. But moment you make your vote public, you are a politician.

Before my teen years, I was losing my hearing pretty quickly, and I was getting very, very angry. I was beginning to become an angry person because of that.

I personally think that if you deny something or if you hide something you're inadvertently admitting it's wrong.

The whole point of love is to put someone else’s needs above your own.

Civility, it is said, means obeying the unenforceable.

I can frighten or buy ninety-nine out of every one hundred men.

I just like the blues better than rock 'n' roll

The creator made us creative. Our creativity is our gift from God. Our use of it is our gift to God. Accepting this bargain is the beginning of true self-acceptance.

We were extremely prescient in that we predicted the Soviet coup before it happened. That was kind of amazing.

The market is the only critic that matters.