We like to buy stocks which we feel are undervalued and then we have to have the guts to buy more when they go down.

Have a philosophy of investment and try to follow it.

Timidity prompted by past failures causes investors to miss the most important bull markets.

Don't buy on tips or for a quick move.

By setting up Berkshire Hathaway, Warren has done everything very rationally.

Ben was a very simple straightforward man with a brilliant quick mind.

I helped Ben with the third edition of Security Analysis, published in 1951.