I always invest in companies an idiot could run, because one day one will.

You have to turn over a lot of rocks to find those little anomalies. You have to find the companies that are off the map - way off the map.

A pack of lemmings looks like a group of rugged individualists compared with Wall Street when it gets a concept in its teeth.

[People] have seen the credit market seize up. They're worried about money market funds, although the latest proposition from government should take care of that. They've seen eight percent of the bank deposits in the United States get moved very skillfully, I might say, within the last couple of weeks from institutions that they thought were fine a few months ago to other institutions. They are not wrong to be worried.

If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.

Good profits simply are not inconsistent with good behavior.

You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.