If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume.

The essence of investment management is the management of risks, not the management of returns.

The intelligent investor shouldn't ignore Mr. Market entirely. Instead, you should do business with him- but only to the extent that it serves your interests.

To be an investor you must be a believer in a better tomorrow.

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

Before you invest, you must ensure that you have realistically assessed your probability of being right and how you will react to the consequences of being wrong.

The chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions.