"Turn market fluctuations into your friend rather than your enemy."

"An investor should act as though he had a lifetime decision card with just twenty punches on it."

"Tell me who your heroes are and I’ll tell you who you’ll turn out to be."

"I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will."

"The best chance to deploy capital is when things are going down."

"I’ve seen more people fail because of liquor and leverage—leverage being borrowed money."

"You do things when the opportunities come along."

"What the wise do in the beginning, fools do in the end."

"In a commodity-type business, you’re only as smart as your dumbest competitor."

"The investor of today does not profit from yesterday's growth."

"Keep things simple and don't swing for the fences. When promised quick profits, respond with a quick 'no'."

"No matter how great the talent or efforts, some things just take time."

"We enjoy the process far more than the proceeds."

"You can't produce a baby in one month by getting nine women pregnant."

"A public-opinion poll is no substitute for thought."