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

Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble... to give way to hope, fear and greed.

Always remember that market quotations are there for convenience, either to be taken advantage of or to be ignored.

Always buy your straw hats in the Winter

Both individual skill (art) and chance are important factors in determining success or failure.

Mr. Market's job is to provide you with prices; your job is to decide whether it is to your advantage to act on them. You no not have to trade with hime just because he constantly begs you to.

I am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities.