Price is the most important factor to use in relation to value.

People don't like to buy things that are going down.

Fear and greed tend to affect one's judgement.

Warren is a very good judge of people and he's a very good judge of businesses.

I like the idea of company-paid dividends.

I was in Graham's office the day he bought GEICO. Warren owns one-third of the stock today.

I'm not very good on timing. In fact, I've stayed away from it.