The inability to hold cash and the pressure to be fully invested at all times meant that when the plug was pulled out of the tub, all boats dropped as the water rushed down the drain.

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.

Oh! it is absurd to have a hard-and-fast rule about what one should read and what one shouldn't. More than half of modern culture depends on what one shouldn't read.

Not the intense momentIsolated, with no before and after, But a lifetime burning in every moment.

Your transparency is just another one of your disguises, isn't it? You doubt your value. Don't run from who you are.

We are all inclined to judge ourselves by our ideals; others, by their acts.

Cybernetics is NOT the banana.

I can't do movies where you start thinking "Where's the commercial appeal? How are we going to market this?" It's not that kind of party.

The most durable thing in writing is style. It is a projection of personality and you have to have a personality before you can project it. It is the product of emotion and perception.

I'm always very self-conscious and assume the way faith or religion might come up in my plays will seem very harsh to people of faith, or who are currently practicing.

I just think God put me on this earth as a tool... showing people you can achieve stuff once you set you mind to things, that it can be accomplished.

Nay, I am the very pink of courtesy.