The true investor welcomes volatility ... a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses.

The investor of today does not profit from yesterday's growth.

I'm an investor in a number of biotech companies, partly because of my incredible enthusiasm for the great innovations they will bring.

Always invest for the long term.

The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.

The most common cause of low prices is pessimism - sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces.