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

When investing, pessimism is your friend, euphoria the enemy.

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".

Investing is laying out money now to get more money back in the future.

A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.