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.

Buy a business, don't rent stocks.

Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.

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

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.