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

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

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

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

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

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

"Investing is simple, but not easy."

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

"Derivatives are financial weapons of mass destruction."

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

"I always knew I was going to be rich. I don't think I ever doubted it for a minute."

"Why not invest your assets in the companies you really like? As Yogi Berra said, 'A nickel ain't worth a dime anymore."

"It is not necessary to do extraordinary things to get extraordinary results."

"In the business world, the rearview mirror is always clearer than the windshield."

"You only have to do a very few things right in your life so long as you don't do too many things wrong."