Both individual skill (art) and chance are important factors in determining success or failure.

Buy not on optimism, but on arithmetic.

The true investor... will do better if he forgets about the stock market and pays attention to his dividend returns and to the operation results of his companies.

Every corporate security may be best viewed, in the first instance, as an ownership interest in, or a claim against, a specific business enterprise.

I am more and more impressed with the possibilities of history's repeating itself on many different counts. You don't get very far in Wall Street with the simple, convenient conclusion that a given level of prices is not too high.

The memory of the financial community is proverbially and distressingly short.

Both individual skill (art) and chance are important factors in determining success or failure.