Great investments don't just knock on the door and say "buy me".

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.

Desperation is the raw material of drastic change. Only those who can leave behind everything they have ever believed in can hope to escape.

Electricity, shelter, and a safe place to sleep . . .trump the need to preserve your credit score, orpurchase a new gizmo.

Dance on, dance on, we see, we see Youth goes, alack, and with it glee, A boy the old man ne'er can be; Maternal thirty scarce can find The sweet sixteen long left behind.

Always remember that if editors were so damned smart, they would know how to dress.

To develop good thoughts and acts, we must live and associate with good people.

For my part, my interest in Paris had faded away completely long ago when I learned that it was in France.

The greatest happiness we can give to a mate comes from helping him or her to more understanding of Truth.

The face is not a secondary billboard for our internal feelings. It is an equal partner in the emotional process.

Be cool and you'll be alright. That's rock & roll religion.

It is fairer to tax people on what they extract from the economy, as roughly measured by their consumption, than to tax them on what they produce for the economy, as roughly measured by their income.