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.

Successful investing professionals are disciplined and consistent and they think a great deal about what they do and how they do it.

A speculator gambles that a stock will go up in price because somebody else will pay even more for it.

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

The sillier the market's behavior, the greater the opportunity for the business like investor.

Calculate a stock's price/earnings ratio yourself, using Graham's formula of current price divided by average earnings over the past three years.

The market is always making mountains out of molehills and exaggerating ordinary vicissitudes into major setbacks.