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.

It always seemed, and still seems, ridiculously simple to say that if one can acquire a diversified group of common stocks at a price less than the applicable net current assets alone - after deducting all prior claims, and counting as zero the fixed and other assets - the results should be quite satisfactory.

Avoid second-quality issues in making up a portfolio unless they are demonstrable bargains.

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

Individuals who cannot master their emotions are ill-suited to profit from the investment process.

We define a bargain issue as one which, on the basis of facts established by analysis, appears to be worth considerably more that it is selling for.

It is absurd to think that the general public can ever make money out of market forecasts.