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

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

An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return.

Speculators often prosper through ignorance; it is a cliché that in a roaring bull market knowledge is superfluous and experience is a handicap. But the typical experience of the speculator is one of temporary profit and ultimate loss

The memory of the financial community is proverbially and distressingly short.

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

The ideal form of common stock analysis leads to a valuation of the issue which can be compared with the current price to determine whether or not the security is an attractive purchase.