"It is better to be a small part of a great business than a large part of a mediocre one."

"It’s nice to have a lot of money, but you don’t want to keep it around forever. I prefer buying things."

"Cash is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent."

"In the short term, the market is a popularity contest. In the long term, the market is a weighing machine."

"Never depend on a single income. Make investments to create a second source."

"The three most important words in investing are margin of safety."

"Be fearful when others are greedy and greedy only when others are fearful."

"Interest rates are to asset prices what gravity is to the apple."

"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."

"The most important quality for an investor is temperament, not intellect."

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

"If a business does well, the stock eventually follows."

"Cash combined with courage in a time of crisis is priceless."

"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."