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.

I buy expensive suits. They just look cheap on me.

Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant.

A horse that can count to ten is a remarkable horse—not a remarkable mathematician.

What we learn from history is that people don't learn from history.

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

What the wise do in the beginning, fools do in the end.

Only when the tide goes out do you discover who's been swimming naked.

We have long felt that the only value of stock forecasters is to make fortune-tellers look good.

I always invest in companies that an idiot could run because one day they will.