The Stock Market is designed to transfer money from the Active to the Patient.

Diversification may preserve wealth, but concentration builds wealth.

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

The dumbest reason in the world to buy a stock is because it's going up.

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.