The most important organ in the body as far as the stock market is concerned is the guts, not the head. Anyone can acquire the know-how for analyzing stocks.

Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed.

My method for picking stocks has never changed. When businesses go from crappy to semicrappy, there's money to be made.

Everyone has the brain power to make money in stocks. Not everyone has the stomach.

Invest in businesses any idiot could run, because someday one will.

Often, there is no correlation between the success of a company's operations and the success of its stock over a few months or even a few years. In the long term, there is a 100 percent correlation between the success of the company and the success of its stock. This disparity is the key to making money; it pays to be patient, and to own successful companies.

You should not buy a stock because it's cheap but because you know a lot about it.