Sooner or later, the market will do what it has to do to prove the majority wrong.

You find bargains among the unpopular things, the things that everybody hates. The key is that you must have patience.

Why will someone sell you a dollar for 50 cents? Because in the short run, people are irrational on both the optimistic and pessimistic side.

When a stock doubles, sell half - then what you have is a free position. Then it becomes more of an art form. When you sell depends on individual circumstances.

There is almost always a major blip for whatever reason and we have learnt to expect it and not to panic.

The most important attribute for success in value investing is patience, patience, and more patience. The majority of investors do not possess this characteristic.

The company must be paying dividends. Preferably the dividend will have been increasing and have been paid for some time.

The share price must be less than book value. Preferably it will be less than net working capital less long term debt.

Protect the downside. Worry about the margin of safety.

If it is cheap enough, we don't care what it is.

All we try to do is buy a dollar for 40 cents.

Do you know what the difference is between Friendship and Love? Friendship is the photograph, Love is the oil painting.

I read somewhere that flying is like throwing your soul into the heavens and racing to catch it as it falls.""I don't think mine would ever fall, " he murmured, looking at the clear cold sky.

I would ditch school if my CD was scratched up or I couldn't get batteries. I wasn't trying to get on the bus and not be listening to music.

Silence is often the most eloquent answer to our critics.

Back when I was in theater school, trying to figure out what I was going to do with my life, 'Sweeney Todd' was a huge touchstone for me, my favorite musical for sure.

Often, the idea that there can be a wide range of translations of one text doesn't occur to people - or that a translation could be bad, very bad, and unfaithful to the original.

I think Patsy Cline made country music classy. She just opens her mouth, and it's just heavenly.

I have never met a villager who does not want a vote.

Why not start over because every promise made is not kept, why not start over so the American people can debate [the health care law] again?!

What do you think?" I whisper to Peeta. "About the fire?" "I'll rip off your cape if you'll rip off mine," he says through gritted teeth.