Stocks are the only thing that people are happy to buy when the price goes up.

Buy a business, don't rent stocks.

I think the worst mistake you can make in stocks is to buy or sell based on current headlines.

The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.

All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.

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.