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.

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

Other guys read Playboy. I read annual report

Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant.

If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.

Risk comes from not knowing what you're doing.