Whatever is cheap became cheap by treating us badly in the past, but is priced to deliver superior returns.

The best investment opportunities are often scary.

Many investors prefer comfort, chasing what is popular and loved, rather than pursuing what is out of favor. The markets do not reward comfort.

The most treasured asset in investment management is a steady hand at the tiller.

Whatever is newly expensive has two attributes: wonderful past returns and, in most cases, lousy future returns.

Successful contrarian investing requires us to live with discomfort, for being "wrong" and alone. But bargains do not exist in the absence of fear.

History teaches that when valuations are extreme, "mean reversion," a move towards historical norms, is likely. Once value stocks turn, the recovery can be fast and intense.

Design a portfolio you are not likely to trade... akin to premarital counseling advice; try to build a portfolio that you can live with for a long, long time.

Diversify. But carve out 10 to 20 percent for the most unloved part of the market: emerging markets value.

Consciousness ain't slower than a blink of an eye.

Adults were constantly auditioning, but for what?

There was a brief silence in which the distant echo of Hagrid smashing down a wooden front door seemed to reverberate through the intervening years.

A gentleman is man who can disagree without being disagreeable.

I don't want to be another Jordan, Magic, or Isiah. When my career is over, I want to be able to look in the mirror and say 'I did it my way'.

I wish there was a word more than 'love' itself to convey what I feel for you.

Some films could only have been cast in one way: Screen tests were given and the losers got the parts.

In any relationship, the woman has control, the clever ones don't let the men know.

It's weird. I feel like people assume if a character is very different than you, that means it's difficult to get into their head or into their skin.

Again, President Reagan was sort of an amiable presence out at the ranch by the last 6 months of his presidency. He had no effect on national policy at all.