It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.
Spend each day trying to be a little wiser than you were when you woke up.
In the business world, the rearview mirror is always clearer than the windshield.
Minimizing downside risk while maximizing the upside is a powerful concept.
Buy not on optimism, but on arithmetic.
Never invest in a business you cannot understand.
Risk comes from not knowing what you are doing.
Beware the investment activity that produces applause; the great moves are usually greeted by yawns.
Price is what you pay. Value is what you get.
You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.
Wide diversification is only required when investors do not understand what they are doing.
I would not pre-pay. I would invest instead and let the investments cover it.
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
Financial peace isn’t the acquisition of stuff. It’s learning to live on less than you make, so you can give money back and have money to invest. You can’t win until you do this.
Know what you own, and know why you own it.
It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.
The individual investor should act consistently as an investor and not as a speculator.
Every once in a while, the market does something so stupid it takes your breath away.
How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.
The stock market is filled with individuals who know the price of everything, but the value of nothing.
I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.
Bottoms in the investment world don’t end with four-year lows; they end with 10- or 15-year lows.
An investment in knowledge pays the best interest.
It would be wonderful if we could avoid the common setbacks with timely exits.
The most important quality for an investor is temperament, not intellect.
The four most dangerous words in investing: ‘this time it’s different.’
There seems to be an unwritten rule on Wall Street: If you don’t understand it, then put your life savings into it.
Rule number one: Don’t lose money. Rule number two: Don’t forget rule number one.
