"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'."

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

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

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

"I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over."

"Success in investing doesn't correlate with I.Q. What you need is the temperament to control the urges that get other people into trouble."

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

"Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future."

"The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective."

"Beware of geeks bearing formulas."

"The most important thing to do if you find yourself in a hole is to stop digging."

"Derivatives are financial weapons of mass destruction."

"Chains of habit are too light to be felt until they are too heavy to be broken."

"If you’ve been playing poker for half an hour and you still don’t know who the patsy is, you’re the patsy."