The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.

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

Cash combined with courage in a time of crisis is priceless.

When investing, pessimism is your friend, euphoria the enemy.

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.

Don't pass up something that's attractive today because you think you will find something way more attractive tomorrow.