Value investing is predicated on the efficient market hypothesis being wrong.

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.

Partly I resented being perceived as weak because I was a girl.

I don't care who likes it or buys it. Because if you use that criterion, Mozart would never have written Don Giovanni, Charlie Parker would have never played anything but swing music.

Your soul is a dark forest. But the trees are of a particular species, they are genealogical trees.

I have come, Sire, to complain of one of your subjects who has been so audacious as to kick me in the belly.

The pulpit is a clergyman's parade; the parish is his field of active service.

I only sing in my church choir. Except the other night, I stole the show at karaoke night.

Keep your hopes up. Or down. Wherever you want them to be. Just have hope somewhere.

Baptism is faith in action.

Rest, with nothing else, results in rust. It corrodes the mechanisms of the brain. The rhubarb that no one picks goes to seed.