Warren Buffett once wrote that value investing is like an inoculation--it either takes or it doesn't--and when you explain to somebody what it is and how it works and why it works and show them the returns, either they get it or they don't.

Value investing is predicated on the efficient market hypothesis being wrong.

I find value investing to be a stimulating, intellectually challenging, ever changing, and financially rewarding discipline

Patience and discipline can make you look foolishly out of touch until they make you look prudent and even prescient

In contrast to the speculators preoccupation with rapid gain, value investors demonstrate their risk aversion by striving to avoid loss.

Warren Buffett is right when he says you should invest as if the market is going to be closed for the next five years. The fundamental principles of value investing, if they make sense to you, can allow you to survive and prosper when everyone else is rudderless. We have a proven map with which to navigate. It sounds kind of crazy, but in times of turmoil in the market. I’ve felt a sort of serenity in knowing that if I’ve checked and rechecked my work, one plus one still equals two regardless of where a stock trades right after I buy it.

In investing it is never wrong to change your mind. It is only wrong to change your mind and do nothing about it.