Someone's sitting in the shade today because someone planted a tree a long time ago.
I always knew I was going to be rich. I don't think I ever doubted it for a minute.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
If a business does well, the stock eventually follows.
If past history was all there was to the game, the richest people would be librarians.
There seems to be some perverse human characteristic that likes to make easy things difficult.
Category: Human Nature
Our favorite holding period is forever.
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
A public opinion poll is no substitute for thought.
Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.
The investor of today does not profit from yesterday's growth.
We enjoy the process far more than the proceeds.