Use book value as a starting point to try and establish the value of the enterprise.

When it comes to investing, my suggestion is to first understand your strengths and weaknesses, and then devise a simple strategy so that you can sleep at night!

If the stock goes down we want to buy more.

You never really know a stock until you own it.

Try to buy assets at a discount than to buy earnings.

When you buy a depressed company it's not going to go up right after you buy it, believe me.

Timidity prompted by past failures causes investors to miss the most important bull markets.

Look for companies that do not have a lot of debt.

Be sure that debt does not exceed 100% of the equity.

If the market were way over priced, I wouldn't own any stocks.

We may buy a little bit of a stock, to get our feet wet and get a feeling for it.

I feel so horrible, but you won't believe what I know. What you think "I have done", you have done it you can't fight this, it's not over and it won't be over!

Habit may lead us to belief and expectation but not to the knowledge, and still less to the understanding, of lawful relations.

We never stop investigating. We are never satisfied that we know enough to get by. Every question we answer leads on to another question. This has become the greatest survival trick of our species.

The foundation of greatness is honoring the small things of the present moment, instead of pursuing the idea of greatness.

Beware, O wanderer, the road is walking too.

Freedom, like everything else, is relative.

Just because you're unemployed doesn't mean you're not doing anything useful. You are, for example, at least keeping your mother-in-law's wit sharp.

Without fathers you would have no civilization.

True memoir is written, like all literature, in an attempt to find not only a self but a world

Every man thinks meanly of himself for not having been a soldier, or not having been at sea.