

The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
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The most important investment you can make is in yourself... nobody can tax it or take it away from you.
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.
It is more important to say "no" to an opportunity, than to say "yes".
Basically, the single-most important decision in evaluating a business is pricing power.
A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.
I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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