I quickly convinced myself that the true key to material happiness lay in a modest standard of living which could be achieved with little difficulty under almost all economic conditions.

The stock market resembles a huge laundry in which institutions take in large blocks of each others washing ... without rhyme or reason.

An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return.

Confronted with a challenge to distill the secret of sound investment into three words, we venture the motto, Margin of Safety.

The intelligent investor is a realist who sells to optimists and buys from pessimists.

The determining trait of the enterprising (or active, or aggressive) investor is his willingness to devote time and care to the selection of securities that are both sound and more attractive than the average.

Before you place your financial future in the hands of an adviser, it's imperative that you find someone who not only makes you comfortable but whose honesty is beyond reproach.