"There seems to be some perverse human characteristic that likes to make easy things difficult."

"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."

"I insist on a lot of time being spent, almost every day, to just sit and think."

"What counts for most people in investing is not how much they know, but rather how realistically they define what they don't know."

"If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes."

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

"The business world is full of people who think they are smarter than they really are."

"Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years."

"We don't have to be smarter than the rest. We have to be more disciplined than the rest."

"Never invest in a business you cannot understand."

"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."

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

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