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

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

Don't invest in pieces of papers (stocks), invest in great businesses underlying them.

The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.

I think the worst mistake you can make in stocks is to buy or sell based on current headlines.

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.