Stocks are the only thing that people are happy to buy when the price goes up.

The fact that people will be full of greed, fear or folly is predictable.The sequence is not predictable.

I think the worst mistake you can make in stocks is to buy or sell based on current headlines.

Long ago, Ben Graham taught me that "Price is what you pay; value is what you get." Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.

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

Buy a business, don't rent stocks.