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

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

Buy a business, don't rent stocks.

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

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.

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