Mr. Market is your servant, not your guide.

I don't read economic forecasts. I don't read the funny papers.

Gold has two significant shortcomings, being neither of much use nor procreative.

The dominant factors affecting control valuations are earning power (past and prospective) and asset values.

The patient that's on the floor with the cardiac arrest is not Wall Street. It's the American economy.

I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive. And there's a fantastic brand loyalty.

If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value.