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

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.

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.

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.

Basically, the single-most important decision in evaluating a business is pricing power.