The intelligent investor should recognize that market panics can create great prices for good companies and good prices for great companies.

The intelligent investor shouldn't ignore Mr. Market entirely. Instead, you should do business with him- but only to the extent that it serves your interests.

The only thing you should do with pro forma earnings is ignore them.

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

Have the courage of your knowledge and experience. If you have formed a conclusion from the facts and if you know your judgment is sound, act on it – even though others may hesitate or differ.

there is a tendency in part of Wall Street people to pay excessive attention to the most recent figures and the present financial picture.

In an ideal world, the intelligent investor would hold stocks only when they are cheap and sell them when they become overpriced, then duck into the bunker of bonds and cash until stocks again become cheap enough to buy.