It turns out that value investing is something that is in your blood. There are people who just don't have the patience and discipline to do it, and there are people who do. So it leads me to think it's genetic.

You need humility to say 'I might be wrong.'

We work really hard never to get confused with what we know from what we think or hope or wish.

The single greatest edge an investor can have is a long-term orientation.

By investing at a discount, Benjamin Graham knew that he was unlikely to experience losses.

A margin of safety is achieved when securities are purchased at prices sufficiently below underlying value to allow for human error, bad luck, or extreme volatility in a complex, unpredictable and rapidly changing world.

If another person were to enter the building, it would once again be empty.