Focus on value because most investors focus on outlooks and trends.

The time of maximum pessimism is the best time to buy.

Anybody who had come up with a new concept would have been under suspicion for being out of step with the tradition or out of step with the teachings of the church.

There will always be bull markets followed by bear markets followed by bull markets

The idea that an individual can find God is terribly self-centered. It is like a wave thinking it can find the sea.

A grower of chrysanthemums awaited a visit from the emperor, who was coming to enjoy his blossoms, of which there were hundreds in bloom. The grower selected one magnificent specimen, then cut down all the others, leaving this one perfect flower. The emperor arrived and sat for several hours quietly gazing at this beautiful flower, letting its beauty have its way with him. Can you imagine being so caught up in appreciation of one flower that everything else fades into the background?

Those who spend too much will eventually be owned by those who are thrifty.