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

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Sound investing can make you very wealthy if you're not in too big a hurry.

Always invest for the long term.

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

It is more important to say "no" to an opportunity, than to say "yes".

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.

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