Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.

The only value of stock forecasters is to make fortune tellers look good.

Ignore the stock market, ignore the economy, and buy a business you understand.

There seems to be some perverse human characteristic that likes to make easy things difficult.

I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.

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.