When people give away stocks based on forced selling or fear that is usually a great opportunity.

Always remembering that we might be wrong, we must contemplate alternatives, concoct hedges, and search vigilantly for validation of our assessments. We always sell when a security's price begins to reflect full value, because we are never sure that our thesis will be precisely correct.

Almost every financial blow up is because of leverage.

If you've just stared into the abyss, quickly forget it: the lessons of history can only hold you back.

One must understand the importance of an endless drive to get information and seek value.

I know of no long-time practitioner who regrets adhering to a value philosophy; few investors who embrace the fundamental principles ever abandon this investment approach for another

When a Wall Street analyst or broker expresses optimism, investors must take it with a grain of salt.