Outstanding long-term results are produced primarily by avoiding dumb decisions, rather than by making brilliant ones.

Our favorite holding period is forever.

The only value of stock forecasters is to make fortune tellers look good.

Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.

I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.

If a business does well, the stock eventually follows.