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

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 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.

Religion isn't the cause of wars, it's the excuse.

If you 'don't do politics', trust me - politics will do you.

... I wrote about ... my childhood, when dreams were small and attainable for all. When sweets were a penny and god was a rabbit.

I love overcoming challenges and fear.

The reason we constantly discover new truth in Shakespeare is that his complete understanding of the particular includes the universal.

Man's love is of man's life a thing apart;Girls aren't like that.

I'm eighty-three and I've been smoking since I was eleven. I'm suing the cigarette company because it promised to kill me and it hasn't.

The greatest object in the universe, says a certain philosopher, is a good man struggling with adversity; yet there is still a greater, which is the good man who comes to relieve it.

I tried therapy. This had never appealed to me. For me, it was a bit like a Chinese meal: very filling at the time, but then an hour later you're hungry again.

On a scale of one to ten, I would rate Elvis eleven.