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.

Investing isn't about beating others at their game. It's about controlling yourself at your own game.

A great company is not a great investment if you pay too much for the stock.

A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price.

The best way to measure your investing success is not by whether you're beating the market but by whether you've put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.

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

When somebody asserts that a stock has an earning power of so much, I am sure that the person who hears him doesn't know what he means, and there is a good chance that the man who uses it doesn't know what it means.