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

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.

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.

Sometimes stories cry out to be told in such loud voices that you write them just to shut them up.

Success requires discipline, dedication and diligence to the very end.

You can't please everyone, so proudly exclude people.

As the great ones of this world are unable to bestow health of body or peace of mind, we always pay too high a price for any good they can do.

We are often unable to tell people what they need to know, because they want to know something else, and would therefore only misunderstand what we said.

Every night empty your mind of unhappy thoughts as you empty your pockets and come alive.

All I do is stay in the kitchen and cook. I don't go there to party.

In the night, I wish to speak with the angel to find out if she recognizes my eyes, if she will ask me: do you see Eden? And I’ll reply: Eden burns.

What you persist in doing gets easier. The task hasn't changed, but your ability to do it has increased.

I really believe deep in my soul that we're going to have to step up and face these challenges and be tough and pull together and unify and be creative and be willing to sacrifice.