A great company is not a great investment if you pay too much for the stock.

The intelligent investor gets interested in big growth stocks not when they are at their most popular - but when something goes wrong.

Experience teaches that the time to buy stocks is when their price is unduly depressed by temporary adversity. In other words, they should be bought on a bargain basis or not at all.

Successful investing is about managing risk, not avoiding it.

In the world of securities, courage becomes the supreme virtue after adequate knowledge and a tested judgment are at hand.

I quickly convinced myself that the true key to material happiness lay in a modest standard of living which could be achieved with little difficulty under almost all economic conditions.

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