Limit risk with: Deep analysis Bargain purchase Sensitivity analysis.

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.

Benefit is the only blindfold required to convince ourselves that poison is wine. Liberty's comfort level rises and falls with the sympathies of its children. Well, I for one will not collaborate.

Hollywood to me is a place to work. Home is Chester County.

I've never formally trained for pain management, but I have a good understanding of how to conquer it. I just analyze the pain, feel it in the moment, and then mentally become numb to it.

I decided that I did not want to follow any of these ideologies or trends, because these also exerted a kind of pressure, and obstructed absolute creative freedom.

Know, thou, that the lines that live are turned out of a furrowed brow.

In the absence of an effective general mythology, each of us has his private, unrecognized, rudimentary, yet secretly potent pantheon of dreams.

Some of the greatest chefs in the world aren't classically trained. Thomas Keller - probably the greatest American chef ever to walk the earth - never went to culinary school. You know?

Don't allow anyone to steal your joy.

I think more and more people are recognizing how much adults and elders are actually needed. That's a gift of the sibling society.

I'm just me. If I am sexy, it's just something I do naturally, like picking up a knife and fork to eat. I think people who try to be sexy are the most unsexy people in the world.