Loss avoidance must be the cornerstone of your investment philosophy.

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.

Isn't it mysterious to begin a new journal like this? I can run my fingers through the fresh clean pages but I cannot guess what the writing on them will be.

My son, Edward, at 4, to a neighbor boy who was being a pain in our backyard: "Oh, don't whine. my mom will throw you right out of here.

I decided to tell the truth even if it meant being pointed at.

Writing a novel is like making love, but it's also like having a tooth pulled. Pleasure and pain. Sometimes it's like making love while having a tooth pulled.

My mother taught me something at a young age - she said 'you are the company you keep.' To define yourself by some label or some level of resources - that's pretty shallow.

So, I'm going to go over on Angel. Joss is just going to find a way to keep me bleaching my hair, which is fine.

A man of character will make himself worthy of any position he is given.

There is no 'i' in team but there is in win.

Modern candidates seem to have to live with political matters all the time. In my father's time, a politician's home was still his castle.

There is no life of a man, faithfully recorded, but is a heroic poem of its sort, rhymed or unrhymed.