Be fearful when there is greed and be greedy when there is fear.

Our goal is to find an outstanding business at a sensible price, not a mediocre business at a bargain price.

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.

I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

Don't pass up something that's attractive today because you think you will find something way more attractive tomorrow.

We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.