Don't pass up something that's attractive today because you think you will find something way more attractive tomorrow.

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.

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

I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.

Never invest in a business you can't understand.

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.