To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.

All successful investment involves trying to get into something where it's worth more than you're paying. That's what successful investing is.

When a feeling dissolves, it ceases to be your enemy and begins to be one of your allies.

You approach stocks as if they were pieces of a business you want to buy at a discount.

Investors have been so oversold on diversification that fear of having too many eggs in one basket has caused them to put far too little into companies they thoroughly know and far too much in others which they know nothing about.

Anyone who has become rich twice is dumb. Why would you risk what you need and have for what you don’t need? If you are already rich, there is no upside to taking on a lot more risk, but there is disgrace on the downside.