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

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 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.

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

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

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

I can sacrifice everything for my dreams and goals encourage me or simply leave me.

She has to have four arms, four legs, four eyes, two hearts, and double the love. There is nothing “single” about a single mom.

If the inevitably of human oblivion worries you, I encourage you to ignore it. God knows that's what everyone else does.

But you can catch yourself entertaining habitually certain ideas and setting others aside; and that, I think, is where our personal destinies are largely decided.

Doom very evenly! Do not doom one doom to the rich; another to the poor! Nor doom one doom to your friend; another to your foe!

Look, any amount I make, somebody's going to be mad.

Time partially reconciles us to anything. I gradually became content--doggedly contented, as wild animals in cages.

The old will die and the young will forget.

Where I live in Manhattan and where I work at ABC, people say conservative the way people say child molester.

It was only when the salt water of my tears ran into my cuts and made them sting that I discovered I was crying.