The only time to buy these is on a day with no 'y' in it.

If past history was all there was to the game, the richest people would be librarians.

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.

Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.

Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.

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

Risk comes from not knowing what you're doing.

The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.

I am a better investor because I am a businessman, and a better businessman because I am an investor.

If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value.