In the short run, the market is a voting machine, but in the long run it is a weighing machine.

The value of any investment is, and always must be, a function of the price you pay for it.

By refusing to pay too much for an investment, you minimize the chances that your wealth will ever disappear or suddenly be destroyed.

While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster

Speculative stock movements are carried too far in both directions, frequently in the general market and at all times in at least some of the individual issues.

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

To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.