I feel no shame at being found still owning a share when the bottom of the market comes…I would go much further than that. I should say that it is from time to time the duty of a serious investor to accept the depreciation of his holdings with equanimity and without reproaching himself. … An investor…should be aiming primarily at long-period results, and should be solely judged by these.

Successful investing is anticipating the anticipations of others.

The engine which drives enterprise is not thrift, but profit.

The power to become habituated to his surroundings and therefore to no longer be grateful for what is good in it is a marked characteristic of mankind and needs to be fought against if a person is to be happy.

If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.

To suggest social action for the public good to the city London is like discussing The Origin of Species to a Bishop sixty years ago.

As time goes on, I get more and more convinced that the right method of investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes.