Investment students need only two well-taught courses - How to Value a Business and How to Think About Market Prices.

The investor of today does not profit from yesterday's growth.

At age 19, I read a book [The Intelligent Investor] and what I'm doing today, at age 76, is running things through the same thought process I learned from the book I read at 19.

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.

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

Buy companies with strong histories of profitability and with a dominant business franchise.