I never try to predict the market.

To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. You must supply the emotional discipline.

We still find very few [stocks] that even mildly interest us. That dismal fact is testimony to the insanity of valuations reached during The Great Bubble. Unfortunately, the hangover may prove to be proportional to the binge.

People went crazy with tulip bulbs. They went crazy with the South Sea Bubble, they went crazy internet stocks, they went crazy with the uranium stocks back when I was first getting started.

Stop trying to predict the direction of the stock market, the economy or elections.

If you can't read the scoreboard. You don't know the score. If you don't know the score, you can't tell the winners from the losers.

The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.