The best values today are often found in the stocks that were once hot and have since gone cold.

To establish the right price for a stock, the market must have adequate information, but it by no means follows that is the market has this information it will thereupon establish the right price.

The intelligent investor is a realist who sells to optimists and buys from pessimists.

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

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.

The investor with a portfolio of sound stocks should expect their prices to fluctuate and should neither be concerned by sizable declines nor become excited by sizable advances. He should always remember that market quotations are there for his convenience, either to be taken advantage of or to be ignored.

The intelligent investor is likely to need considerable will power to keep from following the crowd.