You don't have to have perfect wisdom to get very rich - just a bit better than average over a long period of time.

Great investing requires a lot of delayed gratification.

It's stupid the way people extrapolate the past -- and not slightly stupid, but massively stupid.

For years I have read the morning paper and harrumphed. There's a lot to harrumph about now.

The whole concept of dividing it up into 'value' and 'growth' strikes me as twaddle. It's convenient for a bunch of pension fund consultants to get fees prattling about and a way for one advisor to distinguish himself from another. But, to me, all intelligent investing is value investing.

Remember that reputation and integrity are your most valuable assets - and can be lost in a heartbeat.

A lot of people with high IQs are terrible investors because they've got terrible temperaments. And that is why we say that having a certain kind of temperament is more important than brains. You need to keep raw irrational emotion under control. You need patience and discipline and an ability to take losses and adversity without going crazy. You need an ability to not be driven crazy by extreme success