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

If a business does well, the stock eventually follows.

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

The greater the potential for reward in the value portfolio, the less risk there is.

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

I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.